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Pensions: Expenditure

Volume 465: debated on Tuesday 23 October 2007

To ask the Secretary of State for Work and Pensions if he will estimate the net annual cost for each year from 2008 to 2025 of (a) paying the basic state pension at its current level, increased annually in line with average earnings to (i) all pensioners and (ii) all pensioners who have accrued at least 30 years of national insurance contributions, (b) raising the basic state pension to the current level of the pensions credit guarantee, increased annually in line with average earnings and paying it to (A) all pensioners and (B) all pensioners who have accrued at least 30 years of national insurance contributions and (c) raising the basic state pension to 60 per cent. of median population income, increased annually in line with average earnings and paying it to (1) all pensioners and (2) all pensioners who have accrued at least 30 years of national insurance contributions. (160397)

The information is not readily available and could be obtained only at disproportionate cost.