§ Sir E. Erringtonasked the Chancellor of the Exchequer whether he will state the annual cost of the repeal of Section 20 of the Superannuation Act, 1834.
§ Sir E. BoyleIf Section 20 of the Superannuation Act, 1834, were repealed, it is likely—assuming no other change in the law—that some civil servants who, under present law, would have continued at work beyond minimum retirement age would take their pensions at that age and seek re-employment. I regret that I cannot estimate the additional cost of this. The cost of removing the restriction on the pensions of those who have retired and become re-employed notwithstanding Section 20 is estimated on recent experience to be about £3 million a year.
§ Sir E. Erringtonasked the Chancellor of the Exchequer in how many cases, and to what aggregate amount, have superannuation allowances been reduced by reason of the operation of Section 20 of the Superannuation Act, 1834, for an annual period to the latest convenient date.
§ Sir E. BoyleIt is estimated that on 30th September, 1958, there were about 16,500 Civil Service pensions subject to reduction under Section 20 of the Superannuation Act, 1834. The aggregate amount of these reductions was about £3 million.