§ 22. Mr. McKayasked the Minister of Pensions and National Insurance what will be the total pension, the flat-rate pension remaining as at present, for a single man with a wage of £12 per week after he has paid to the proposed graded pension scheme, who reaches the age of 65 years after fifteen years' contributions to the scheme.
§ Mr. Boyd-CarpenterIf the man's wages were £12 net after payment of National Insurance contributions, and he retired at the minimum pension age of 65. the pension would be £2 18s.
§ Mr. McKayIs it correct to say that after forty-seven years the man will get a pension of about 70s. a week after paying a total of 10s. 10d. a week? Is the 688 right hon. Gentleman further aware that a man with a similar wage paying contributions for forty-seven years will get a pension of £6 14s. a week under the Labour Party proposal, taking it in conjunction with the pay-as-you-go principle?
§ Mr. Boyd-CarpenterI do not see how a question about what a man gets after forty-seven years arises out of the hon. Gentleman's Question about what a man will get after fifteen years, but no doubt the House will have the opportunity to debate the matter tomorrow.