HC Deb 21 February 1983 vol 37 cc348-9W
Mr. Hordern

asked the Secretary of State for Social Services what would be the cost of abolishing the earnings rule for pensioners; and what extra cost would be involved if those who had been unemployed for over a year were eligible for retirement benefit at 60 years.

Mr. Rossi

It is estimated that the cost to the national insurance fund of abolishing the earnings rule and retirement conditions would be about £140 million in a full year at 1982–83 benefit levels, or a net cost to public funds of about £55 million a year. An early retirement scheme for men from age 60 which is conditioned on one year's unemployment would add some £10 million a year to the costs of abolishing the earnings rule, on the assumption that only working wives of such men would be affected.