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Pensions

Volume 713: debated on Tuesday 20 October 2009

Questions

Asked by

To ask Her Majesty's Government in today's prices, how many men and how many women will be eligible in (a) 2020, (b) 2030, (c) 2040 and (d) 2050 for the state earnings-related pension scheme or the state second pension of (1) under £20 a week, (2) £20–35 a week, (3) £35–50 a week, and (4) more than £50 a week. [HL5547]

Asked by

To ask Her Majesty's Government how many men and women would require pension credit by (a) 2020, (b) 2030, (c) 2040 and (d) 2050 if the basic state pension and the state second pension were combined into a single pension. [HL5548]

Combining the basic state pension and the second state pension into a single pension payment would not alter entitlement; the total amount in payment would be unchanged. Because both basic state pension and second state pension are treated in the same way for pension credit purposes (both are counted as income in full), projected entitlement to pension credit would remain as under the current system.

Projections of entitlement to pension credit can be found in the Projections of Entitlement to Income Related Benefits to 2050 fact sheet, which is available at http://www.dwp.gov.uk/docs/projections-of-entitlement-to-incomerelatedbenefitsjune2008.pdf. Pension credit is paid at benefit unit level, so projections of entitlement are not available separately for men and women.

Updated projections of entitlement will be published on the Department for Work and Pensions website shortly after Pre-Budget Report.

Asked by

To ask Her Majesty's Government what would be the net cost of ensuring that everyone with a full basic state pension in (a) 2020, (b) 2030, (c) 2040 and (d) 2050 received sufficient state second pension to ensure a minimum income of £130 per week. [HL5549]

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