HC Deb 18 April 1950 vol 474 c10
19. Mr. Leslie Hale

asked the Minister of National Insurance what is the amount of actuarial value computed on the basis of normal expectation of life of a full retirement pension payable to an adult male worker under the National Insurance Act on retirement at 65; and the actuarial value computed on the same basis for an adult worker who retires at the age of 70.

Dr. Summerskill

By full retirement pensions I assume by hon. Friend means a pension of 26s. for which a man can qualify at 65 and a pension of 36s. for which a man reaching 70 after June, 1953, can qualify at that age. The actuarial value of the former is £670 and of the latter £750.