HC Deb 10 March 1955 vol 538 cc77-8W
69. Mr. Vane

asked the Minister of Defence what would be the annual cost of restoring the retired pay of officers of the fighting services affected by the 1932–35 stabilisation to the rates which would now be current if the original terms of the 1919 Code had remained in force; and by how much he estimates it would diminish annually.

Mr. H. Macmillan

On the assumption that 20 per cent. was added to the rates of Service retired pay under the 1919 Pensions Code, an estimate of the initial extra cost for all three Services would be a little under £1 million. This would diminish by about £80,000 a year. I must, however, emphasise that these figures are only approximate. Of course, this takes no account of any consequential results.