§ Sir Frederic Bennett
asked the Secretary of State for Social Services if he will estimate the cost of all men aged over 60 years and presently in work retiring and receiving a retirement pension.
§ Mr. Newton
The latest available estimate of the likely net cost to public funds is about £2,600 million, based on 1983–84 benefit rates. I hope shortly to be able to produce costs based on 1985–86 benefit rates.