§ Mr. Kenneth Clarkeasked the Secretary of State for Social Services what is the estimated cost of inflation-proofing the benefits payable to recipients of graduated pensions under the present graduated pensions scheme
§ Mr. O'MalleyOn the same assumptions as in the Government Actuary's memorandum on the Government's "Better Pensions" (Cmnd. 5713) proposals, the cost, in present-day terms, of price-protecting graduated pensions would rise from about £3 million a year to a maximum of about £90 million a year by the end of the century. Thereafter the cost would decline slowly until all rights to graduated pension had ceased.