asked the Secretary of State for Social Services if he will give an estimate of the costs of the basic retirement pension, supplementary pension, housing benefit, and state earnings-related pension scheme itemised separately (a) if the state earnings-related pension scheme is not phased out and (b) if the state earnings-related pension scheme is phased out according to the Green Paper proposals, for the following years: 1988–89, 1993–94, 2003–04, 2013–14, 2023–24 and 2033–34.
The estimated costs at 1984–85 prices, assuming prices upratings of the basic retirement pension and additional component, if the state earnings-related pension scheme (SERPS) were not to be phased out, are as follows:
|Basic Retirement Pension £ billion||Additional Component £ billion|
retirement pension would be unaffected. More precise figures will not be available until the proposals in the Green Paper have been finalised in the light of consultations.