HC Deb 15 December 1975 vol 902 cc521-2W
Mr. Shersby

asked the Secretary of State for Social Services if she will publish in the Official Report the estimated additional annual cost of reducing the retirement age for men to 64, 63, 62 and 61 years, respectively.

Mr. O'Malley

On the assumption that the pattern of retirement during the first five years after the lower age would be the same as it is now between 65 and 70, the extra annual costs to the National Insurance Fund and in supplementary benefits, at current rates of benefit, are estimated to be as follows:

Pension age for men Extra costs
£ million
64 270
63 570
62 890
61 1,240

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