HC Deb 12 May 1976 vol 911 c198W
Mr. Marten

asked the Secretary of State for Employment whether notional pay increases over and above the 4¼ per cent. proposals will be allowed for the purpose of earning pensions based on what employers deem their employees to be worth rather than the levels set by the current and proposed incomes policy.

Mr. Harold Walker

Under the TUC proposals for the period from 1st August, the calculation of pension entitlement would continue to be dealt with as under the current policy, which allows the calculation to be based on the rate of pay to which the employer was committed before 11th July 1975.