§ Mr. Pawseyasked the Secretary of State for Social Services (1) what changes have occurred recently in the valuation of the graduated pension fund;
(2) how large is the graduated pension fund;
(3) by how much the graduated pension fund has increased in each year since its inception.
§ Mr. WhitneyContributions in respect of the graduated pension scheme which ran from 1961 to 1975 223W were paid into the national insurance fund. Graduated benefit continues to be paid from the main NI fund. The current (November 1984) value of one unit of graduated pension is £4.67 and the maximum amount of graduated benefit payable is currently £4.02 per week for a man and £3.36 for a woman. Every £7.50 (£9 for women) paid is graduated contributions earned one unit of graduated pensions.