§ Mr. Kenneth Clarkeasked the Secretary of State for Social Services what is the latest and best estimate her Department has of the proportion of private occupational pension schemes that make some adjustment to their pensions in payment to compensate for inflation; and what is the extent of the adjustments being made.
§ Mr. O'MalleyIt is expected that reliable estimates of the current position will be possible later in the year when the results of the Government Actuary's latest survey of occupational pension schemes become available. The report of the Government Actuary's last survey, relating to 1971, indicated that some 35 per cent. of private sector schemes with pensioners, covering some 70 per cent. of members of such schemes, made some form of augmentation after retirement.