§ Sir Brandon Rhys Williamsasked the Secretary of State for Social Services what is the proportion of each employee's earnings over the appropriate band of income required to be set aside either by employers' or employees' contributions for provision of retirement benefits under the present provisions of the state earnings-related pension scheme in order to meet the commitments of the scheme.
§ Dr. BoysonUnder financial arrangements made originally in the National Insurance Act 1959, the national insurance fund has been administered on a "pay as you go" basis, with contribution rates in a given year set so as to achieve a broad balance between income to and expenditure from the fund in that year. No money is set aside specifically to meet future commitments.