State Earnings-related Pension Scheme

HC Deb 05 July 1985 vol 82 c301W

Mrs. Renée Short

asked the Secretary of State for Social Services what assessments have been made by his Department during the last five years of the relative buying power of the state earnings-related pension scheme.

Mr. Newton

We make regular assessments of the value of the average amount of the additional component to the state earnings-related pension scheme and its value against the rise in prices. The latest assessment is as follows:

	Average value of additional component	Value against prices (1979 = 100)
	£
November 1979	0.70	100
November 1980	1.08	134
November 1981	1.54	169
September 1982	1.88	197
September 1983	2.50	249

Notes:

1. All prices = General Index of Retail Prices

2. Figures are only available up to 1983