§ Mr. Robert Sheldonasked the Chancellor of the Exchequer what compensation the Government make to male executive officers in the Civil Service aged 58 years who are made redundant; and whether he has given consideration to providing a non-contributory lump sum.
§ Mr. HayhoeExecutive officers with more than five years' service, made redundant at age 58, are awarded pensions and lump sum related to their salary level and based on the service that would have reckoned had they served to age 60. The lump sum is payable immediately and an amount equivalent to the pension is payable as an annual compensation payment until the pension becomes payable at age 60. Those aged between 58 and 58½ receive an additional lump sum compensation payment of three months' pay. Total lump sum benefits may be increased to up to two years' pensionable pay by commutation of the annual compensation payment. I see no case for providing any further lump sum benefit.