Index-linked Pensions

HC Deb 27 January 1983 vol 35 c520W

Mr. Straw

asked the Chancellor of the Exchequer what is the estimated annual cost of public service pensions that are index-linked.

Mr. Hayhoe

The estimated cost of index-linked pensions for the main public service schemes in 1982–83 is £4,420 million. Details of those public sector pensions schemes whose benefits are fully protected against increases in the general level of prices were given in my answer to a question from my hon. Friend the Member for Welwyn and Hatfield (Mr. Murphy) on 19 October 1982.—[Vol. 29 c.84–89].