HC Deb 12 March 1965 vol 708 cc166-7W
Sir E. Errington

asked the Chancellor of the Exchequer what would be the cost of increasing the pensions of all public servants who retired before 31st March, 1960, up to the level of pensions awarded to those who retired on that date.

Mr. Diamond

The cost would be about £33 million a year if all pensions awarded before 1960 were brought up to 1960 levels and if those aged 60 or over were then awarded the pensions increase appropriate to 1960 retirements. If, following the pattern of the present Pensions (Increase) Acts, the concession were limited to those aged 60 or over, and they were brought up to the current levels appropriate to 1956 retirement, including pensions increase, the cost would be about £24 million a year.