HC Deb 10 March 1969 vol 779 c220W
Mr. Pardoe

asked the Secretary of State for Social Services what is the estimated annual value of the graduated pension to be paid to a man who reaches 65 in 40 years' time whose contributions for the years ended 5th April, 1968, 1967, 1966 and 1965 were £23 14s., £17 10s. 6d., £11 7s. 8d. and £7 Is. Id., respectively, and whose total units to 5th April, 1968, were 8.7, taking into account changes in the purchasing power of the £ between now and the date of his retirement.

Mr. Ennals

Under current provisions and assuming no addition to be made to the 8.7 units, the answer in cash terms is £11 14s. I prefer not to speculate about the purchasing power of the £ in the year 2,009.