§ Mr. Pardoeasked the Secretary of State for Defence what was the weekly pension in 1937 of a guardsman who retired after 22 years' service; what that pension would now be if it had kept pace with the cost of living; and what is the pension now paid to a guardsman retiring in 1967 after 22 years' service.
§ Mr. BoydenA Guardsman who retired in 1937 after 22 years' service would have received a pension of 19s. 3d. per week. With Pensions Increases his pension would have risen to £3 17s. 1d. per week by 1967.
Since 1937 the cost of living has risen by 182 per cent. up to February, 1967. Had the Guardsman's pension kept pace with this rise, he would now receive only £2 14s. 3d.
A Guardsman retiring in 1967 after 22 years' service would receive a pension of £3 6s. per week, together with a lump sum terminal grant of £514 16s.