SERPS (Hansard, 11 June 2002)

§ Mr. Frank Field
To ask the Secretary of State for Work and Pensions what data he has collated on the proportion of people earning above £10,000 per year who have been contracted out of SERPS and the state second pension over the past three years. [60486]

§ Mr. McCartney
The information requested is not available.

§ Mr. Frank Field
To ask the Secretary of State for Work and Pensions how many individuals(a) receive SERPS and (b) have contributed to SERPS but are yet to receive any pension. [60487]

§ Mr. McCartney
The latest figures available show that 6.24 million people were in receipt of an additional pension from SERPS'.
The latest available information is that around 22.2 million people under state pension age have built up some entitlement to an additional pension from SERPS².
Sources:
¹ Pensions Strategy Computer System.
² National Insurance Recording System.

§ Mr. Frank Field
To ask the Secretary of State for Work and Pensions what the(a) mean and (b) median payment of SERPS has been in the five most recent years for which he has data. [60488]

§ Mr. McCartney
The information is in the table.

Mean and median amounts of additional pension (SERPS)

£ weekly

Mean amount Median amount

31 March 1997 10.90 6.87

31 March 1998 11.82 7.42

31 March 1999 13.10 8.35

31 March 2000 14.37 9.25

31 March 2001 15.13 9.64

Notes:
1. Average amounts are based on pensioners' entitlement records on Pension Strategy Computer System at the date of extraction.
2. Mean and Median amounts are rounded to the nearest penny.
3. Figures are for GB only.
Source:
RP administrative data.
1146W

§ Mr. Frank Field
To ask the Secretary of State for Work and Pensions (1) how many pensioners he expects will be receiving SERPS in(a) five (b) 10 and (c) 15 years' time; [60489]
(2) what the (a) mean and (b) median payment of SERPS will be in (i) five, (ii) 10 and (iii) 15 years' time. [60490]

§ Mr. McCartney
The information available is in the following table.

People in receipt of additional pension¹ (million) Mean amount of additional pension¹ (£ weekly)

2007–08 8.6 19.60

2012–13 9.9 21.70

2017–18 10.6 23.05

¹ SERPS and the state second pension.

Notes:
1. Number of recipients of additional pension rounded to the nearest 100,000.
2. Mean weekly amounts rounded to the nearest 5p, in 2002–03 prices.
Source:
Government Actuary's Department.

Mean and median amounts of additional pension (SERPS)
£ weekly
	Mean amount	Median amount
31 March 1997	10.90	6.87
31 March 1998	11.82	7.42
31 March 1999	13.10	8.35
31 March 2000	14.37	9.25
31 March 2001	15.13	9.64

	People in receipt of additional pension¹ (million)	Mean amount of additional pension¹ (£ weekly)
2007–08	8.6	19.60
2012–13	9.9	21.70
2017–18	10.6	23.05
¹ SERPS and the state second pension.