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Index-Linked Pensions

Volume 35: debated on Thursday 27 January 1983

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asked the Chancellor of the Exchequer what is the estimated annual cost of public service pensions that are index-linked.

The estimated cost of index-linked pensions for the main public service schemes in 1982–83 is £4,420 million. Details of those public sector pensions schemes whose benefits are fully protected against increases in the general level of prices were given in my answer to a question from my hon. Friend the Member for Welwyn and Hatfield (Mr. Murphy) on 19 October 1982.—[Vol. 29 c. 84–89].