§ Mr. Archer (Warley West)asked the Secretary of State for Northern Ireland, what will be the total potential loss to those in respect of state earnings related pension scheme benefits in Northern Ireland in the year 2000 if the provisions of the Social Security Bill are extended to Northern Ireland, assuming present demographic trends continue.
§ Mr. Needham[pursuant to his reply, 20 March 1986]: As the right hon. and learned Member is aware the proposed changes in the state earnings related pension scheme will not start to take effect until the year 2000. There will therefore be no loss to those already receiving 301W SERPS. The 10 year phasing in of the change from 25 per cent. to 20 per cent. of earnings will begin to have effect from 6 April 2000 and the rate will reduce by half a per cent. a year from that date. The loss to anybody retiring in the year 2000 would be insignificant.