HC Deb 17 January 2002 vol 378 c457W
Mr. Hurst

To ask the Secretary of State for Work and Pensions what the value was of the state retirement pension as a percentage of the average weekly wage in(a) 1971, (b) 1978, (c) 1981, (d) 1988, (e) 1991, (f) 1998 and (g) 2001. [21750]

Mr. McCartney

The objective of the basic state pension, since it was introduced in 1948, has always been to provide a foundation for income in retirement on which individuals could build their own second pension or other savings income. The Government are committed to retaining the basic state pension in this role as well as making it easier to build up second pensions, whether through private stakeholder pensions or the new state second pension (which will particularly help people on low pay or with broken work records such as carers or disabled). In addition, the Government are committed to tackling pensioner poverty directly with the minimum income guarantee and ensuring that thrift is rewarded through the pension credit.

The information requested is as follows:

September 1971 20.3
November 1978 23.2
November 1981 22.4
April 1988 18.8
April 1991 18.3
April 1998 16.8
April 2001 1
1 Not yet available


The percentage is based on the amount of a single person's pension


"The Abstract of Statistics for Social Security Benefits and Contributions and Indices of Prices and Earnings", 2000 edition published by the DSS, page 57.

Issue date Consultation document
19 July 2001 Social Security Fraud Act 2001 Code of Practice on Obtaining Information
23 July 2001 Changes to Invalid Care Allowance
23 July 2001 Amending the Vaccine Damage Payments Act 1979
1 August 2001 The Occupational Pension Schemes (Winding Up Notices and Reports etc.) Regulations 2001
3 August 2001 Housing and Council Tax Benefits Verification Framework: Splitting the Verification Framework into Modules
13 August 2001 The Occupational and Personal Pension Schemes (Disclosure of Information) Amendment Regulations 2001
13 August 2001 The Occupational and Personal Pension Schemes (Consultation Document) Amendment Regulations 2001
13 August 2001 The Minimum Funding requirement—The next stage of reform