§ Lord Blackwell
asked Her Majesty's Government:
What is the estimated aggregate annual cost in today's money of providing the basic state pension in (a) the current year; (b) 15 years from now; and (c) 35 years from now, assuming the current pension is maintained in real terms. [HL540]
§ The Parliamentary Under-Secretary of State, Department of Social Security (Baroness Hollis of Heigham)
Long-term estimates of expenditure on the basic state pension are published in table 15.1 of the Government Actuary's Department's quiquennial reviewNational Insurance Fund: Long Term Financial Estimates, Cm 4406. A copy is available in the Library.