§ 40. Mr. Marten
asked the Secretary of State for Social Services what is the estimated difference in cost if a worker over 60 years of age who is made unemployed draws retirement pension instead of benefits to which his unemployment entitles him.
§ Mr. Deakins
It is estimated that at current benefit rates the average annual value of payments in respect of unemployment—unemployment benefit and supplementary allowance—per man unemployed over age 60 would be about £770, whereas the average, before-tax, annual value of retirement pension—including supplementary pension—if payable to such men as they are to men aged 65 or over, would he about £1,120.