§ Mr. FieldTo ask the Secretary of State for Social Security what weekly state second pension a person can expect to receive having worked for 40 years and with annual earnings of(a) £4,000, (b) £5,000, (c) £6,000,(d) £7,000, (e) £8,000, (f) £9,000, (g) £9,500, (h) £10,000, (i) £11,000, (j) £12,000, (k) £13,000, (l) £14,000 and (m) £15,000. [153788]
§ Mr. Rooker[holding answer 15 March 2001]: A full working life for pensions purposes is 49 years for a man and 44 for a woman if she was born on or before 5 October 1950 (the full working life for women increases incrementally to 49 years as a result of the equalisation of state pension age).
The table shows a comparison of figures:
£ For comparison Annual earnings State second pension entitlement on 40 year working life SERPS entitlement on 40 year working life State second pension entitlement on 49 year working life SERPS entitlement on 49 year working life £4,000 50 5 59 6 £5,000 50 8 59 10 £6,000 50 11 59 13 £7,000 50 15 59 17 £8,000 50 18 59 21 £9,000 50 21 59 25 £9,500 50 22 59 27 £10,000 50 24 59 28 £11,000 51 27 61 32 £12,000 52 30 63 36 £13,000 54 33 65 40 £14,000 55 36 66 44 £15,000 57 39 68 47 Note:
All figures expressed in 2001 earnings terms, and constant earnings terms