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Pensions

Volume 495: debated on Tuesday 30 June 2009

To ask the Chancellor of the Exchequer (1) what projections for UK pensioner income from funded pensions and savings underlie the projections for pension credit expenditure in Table 4.1 on page 36 of the Long-term Public Finance Report of March 2008; (282220)

(2) what the breakdown is of the different components of state pension expenditure identified in footnote 1 to Table 4.1 on page 36 of the Long-term Public Finance Report of March 2008.

A breakdown of the components of the state pension expenditure projections shown in the Long-term Public Finance Report and information on the underlying assumptions is published on the Department for Work and Pensions website at

http://www.dwp.gov.uk

The Long-term Public Finance Report is based only on the potential impact of demographic change on the public finances over the coming decades, and does not make assumptions on future changes to the levels of savings or pension contributions.