§ Mr. Bryant Godman Irvineasked the Minister for the Civil Service what is the number of Civil Service pensioners who are currently making yearly allocations, 253W and the average amount of each such allocation, under the Allocation of Pension Rules Option A section 2 of the Superannuation Act, 1935.
§ Mr. David HowellIt is estimated that there are some 4,000 such pensioners who on average each surrendered personal pension of £70 per annum.
§ Mr. Bryant Godman Irvineasked the Minister for the Civil Service what is the estimated amount required to change the calculation of increases under the Pensions (Increase) Act, 1971, for pensioners who have made allocations under Option A of the allocation of pensions to the original basic pension with retrospective effect to 1st September, 1971.
§ Mr. David HowellAbout £160,000 in the first full year.
§ Mr. Bryant Godman Irvineasked the Minister for the Civil Service whether the Allocation Fund under Section 2 of the Superannuation Act, 1935, is making or losing money; and what is the amount made or lost during the year 1970–71.
§ Mr. David HowellThere is no such Fund. The saving from the pension surrendered on allocation is matched by the actuarially equivalent provision for the beneficiary made on the basis of tables prepared by the Government Actuary.