§ Mr. Ridleyasked the Secretary of State for Education and Science what was the cost, or estimated cost, of teachers' pensions in 1973–74, 1974–75 and 1975–76 respectively; what is the estimate of receipts from teachers' superannuation payments for each year; and by how much the estimated cost of teachers' pensions for each year have been increased as a result of the Pensions (Increase) Act 1971.
§ Miss Joan LestorThe total cost of teachers' pensions, including the element attributable to the Pensions (Increase) Act 1971 shown in parenthesis, was £131 million (£34 million) in 1973–74, and £152 million (£45 million) in 1974–75 and is estimated at £205 million (£64 million) in 1975–76. The corresponding figures for receipts from teachers' and employers' contributions are £208 million, £245 million and £383 million, respectively. The last of these figures is abnormally high since it reflects the retrospective effect of the Houghton salary award.