§ Mr. Churchillasked the Minister for the Civil Service how many years' reckon-able service is required for a civil servant in the grade analogous in terms of salary to an hon. Member to achieve a full pension; and what proportion the pension would be of final salary.
§ Mr. ChannonAfter 40 years' service, any civil servant retiring at the normal retiring age would receive a pension of half his pensionable salary and a lump sum equal to 3/80 of pensionable salary for each year of reckonable service. These benefits are broadly equivalent actuarially to a pension of two-thirds pensionable salary.
§ Mr. Meacherasked the Minister for the Civil Service what was the extent of public expenditure in each of the last 446W three years on the indexing of civil servants' and other public servants' pensions; and how much of this in each year was used to index the pensions of the 1 per cent. with the highest pensions.
§ Mr. ChannonThe approximate first year cost of each of the last three public service pensions increases is set out in the table below:
Date of Increase First Year Cost £ million 1st December 1977 198 1st December 1978 115 12th November 1979 288 I regret that information about the proportions payable to the top 1 per cent. of all public service pensioners is not available centrally. For the Civil Service, the first year cost of the 1977, 1978 and 1979 pensions increases paid to the 1 per cent. receiving the highest pensions was of the order of £3 million, £2 million and £4 million respectively.