Head of the Civil Service (Pension)

HC Deb 10 May 1976 vol 911 cc18-9W

Mr. Rippon

asked the Minister for the Civil Service what is the present basis of calculation of pension for the retiring Head of the Civil Service.

Mr. Charles R. Morris

Civil servants of all grades, from the lowest industrial grade to the Head of the Civil Service, are eligible on retirement for a pension calculated on exactly the same basis under the Principal Civil Service Pension Scheme. Each reckonable year of service gives rise to a pension of 1/80th of the salary over the last year of service and a lump sum of up to three times that amount. Actuarially, a pension of 1/80th with a lump sum of 3/80ths is broadly equivalent to a pension of 1/60th.