HC Deb 17 March 1961 vol 636 cc158-60W
Mr. W. Clark

asked the Chancellor of the Exchequer, how much it would cost the Exchequer if unestablished service of civil servants were to reckon in full instead of half for pension purposes.

Mr. Selwyn Lloyd

If the extension of full reckoning were confined to future retirements and to future instalments of pension in respect of past retirements, it is estimated that the annual cost to the public in 1961–62 would be about £7 million, rising to about £8 million in the ensuing 10 years and then slowly declining until it finally disappeared sometime in the first quarter of the next century.

If the concession were extended to lump sum benefits granted to civil servants now in retirement or deceased the first year cost would be raised to about £26 million. The total cumulative burden which all this would involve over the years is estimated at about £300 million.