§ 40. Mr. Martenasked 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. DeakinsIt 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.