§ Mr. Ridleyasked the Minister for the Civil Service what would be the cost of funding the pension of a principal in the Civil Service who retires in 1975 at the age of 60 years after 30 years' service, assuming that he is at the top of the salary scale and that inflation continues at 20 per cent. a year.
§ Mr. Charles R. MorrisOn the assumptions given, the cost would be approximately £75,000. However, the assumption that the present imbalance between the rate of inflation and the rate of interest can be sustained for any length of time is not reasonable. On more likely assumptions the cost would be about £30,000.