HL Deb 11 November 1999 vol 606 cc236-7WA
Lord Rix

asked Her Majesty's Government:

Further to the Written Answer by the Baroness Hollis of Heigham on 1 November (WA 59–60), what is their global estimate of the current annual cost of paying the additional pension (SERPS) to persons whose entitlement arose between 1978 and 1986. [HL4533]

The Parliamentary Under-Secretary of State, Department of Social Security (Baroness Hollis of Heigham)

The estimated annual net cost in 1999–2000 of paying additional pension to retired people in respect of earnings accrued between financial years 1978–79 and 1985–86 inclusive is £3 billion.