§ Mr. Arthur Lewisasked the Lord President of the Council whether he will publish a table in the Official Report showing the relative pension rights of Members of Parliament, civil servants, local government officers and chairmen of nationalised boards.
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§ Mr. Edward ShortThe main features of the pension arrangements for Members of Parliament, civil servants and
Members of Parliament Civil Servants Local Government Personal Pension* 1/60th of pensionable salary per year of service. 1/80th of pensionable salary per year of service. As for Civil Service. Personal Lump Sum* None, but pension may be partly commuted to achieve a maximum of 3/80ths for each year of service. 3/80ths of pensionable salary per years of service As for Civil Service. Normal Retiring Age 65 60 65, but voluntary retirement from age 60 where at least 25 years of reckonable service. Contingent Family Benefits (a) Widow's pension: 1/120th of pensionable salary per year of service. (a) Widow's pension: 1/160th of pensionable salary per year of service. As for Civil Service (b) Children's pension: 1/480th of pensionable salary per year of service per child up to maximum of 4. (b) Children's pension: 1/320th of pensionable salary per year of service per child up to maximum of 2. As for Civil Service. * A 1/80th pension plus 3/80ths lump sum is broadly equivalent to a 1/60th pension. These pensions are subject to post-retirement increases under the inflation-proofing arrangements made under the Pensions (Increase) Act 1971.
The pension arrangements for the chairmen and other members of nationalised boards vary according to their backgrounds. Those promoted from the staff remain members of the staff pension schemes which are broadly comparable with those of the public services. Those drawn from outside the industry have the option of being pensioned by analogy with the scheme for the staff of the industry or in continuation of the provisions which applied in their former employment.