HC Deb 20 April 1948 vol 449 c119W
1. Major Lloyd

asked the Minister of National Insurance what percentage of men and of women will not live long enough, according to actuarial calculation, to draw a retirement pension; what is the total contribution towards such a pension paid from age of entry into the scheme till pensionable age; what annuity from pensionable age could be payable under ordinary insurance practice on the equivalent amount of this total contribution; and what lump sum at death at any time could be payable under similar practice by a yearly payment equivalent to the yearly contribution towards a retirement pension.

Mr. Steele

As regards the first part of the Question, on the basis of the rates of mortality assumed in the finance of the National Insurance scheme, the proportion of men aged 16 who will die before age 65 is 34 per cent., and the proportion of women aged 16 who will die before age 6o is 17 per cent. As regards the remaining parts of the Question, I should be happy to discuss with the hon. and gallant Member the best way of providing him with the information he is seeking.