HC Deb 02 March 1978 vol 945 cc289-90W
Mr. Arthur Lewis

asked the Lord President of the Council what would be the cost to the Exchequer if, as is the case for public officials, all existing hon. Members aged 60 years or over were able voluntarily to retire within their pension scheme; and what would be the cost if only 1 per cent. were able to opt for earlier pension.

Mr. Foot

If full immediate pensions were payable to all existing hon. Members over age 60 and to other existing Members on attaining that age, the increased capital cost would be £2.5 million. If only a proportion of Members were able to take immediate pension at age 60 the cost would be correspondingly reduced.

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