HC Deb 29 April 1976 vol 910 cc188-9W
Mr. Hall-Davis

asked the Chancellor of the Exchequer what would be the maximum pension which could be paid within the revenue rules to a Member of Parliament retiring on 31st March 1976 with 10 years' service were the pension to be calculated in accordance with Memorandum No. 12 of February 1974 of the Joint Office of Inland Revenue Superannuation Funds Office and Occupational Pensions Board.

Mr. Robert Sheldon

On the basis of the normal maximum of one-sixtieth of "final remuneration" (as defined in the rules-this is not necessarily the remuneration for the last year of service) for each year of service, £1,265 per annum; on the basis of the "uplifted sixtieths" scale which scheme rules may include for the benefit of "late entrants", £5,060 per annum.