HC Deb 14 January 1991 vol 183 cc392-3W
Mr. Meacher

To ask the Secretary of State for Social Security if, pursuant to his answer of 12 December,Official Report, columns 427–28, on the value of the state earnings-related pension, he will give figures for each year from 1999 to 2029 on the same basis.

Miss Widdecombe

Information is given in the table. It is important to note that calculations of this nature can provide only a hypothetical view of the distant future based, as they are, on unchanged assumptions about economic variables and policies.

The weekly amounts of additional pension payable on retirement on 6 April in the stated year are as follows:

Year of retirement (a) (b) (c)
1999 38.50 94.25 134.25
2000 40.90 99.60 140.80
2001 43.20 104.95 147.30
2002 45.60 110.50 154.10
2003 4820 11635 161.15
2004 50.90 122.45 168.40
2005 53.80 128.85 175.95
2006 56.60 135.25 183.60
2007 59.55 141.95 191.45
2008 6270 148.95 199.65
2009 66.00 156.20 208.10
2010 70.40 166.20 219.75
2011 75.10 176.85 232.20
2012 80.25 188.25 245.40
2013 85.60 200.10 259.25
2014 91.35 212.80 274.05
2015 97.60 226.30 289.75
2016 104.35 240.65 306.50
2017 111.40 255.75 324.05
2018 118.80 27165 342.55
2019 12705 288.75 362.45
2020 135.50 306.55 383.15
2021 144.80 325.75 405.45
2022 154.65 345.95 428.90
2023 165.05 367.30 453.65
2024 176.30 390.00 480.00
2025 188.20 414.00 507.75
2026 201.05 439.55 537.35
2027 214.65 466.55 568.55
2028 227.90 491.95 594.30
2029 241.80 518.15 62120

(a) A person on half average earnings.

(b) A person on average earnings.

(c) A person earning at or above the upper earnings limit.

Notes: From 1990 onwards 5 per cent. prices and 6.5 per cent. earnings growth is assumed. Average earnings are those for all full-time workers on adult rates in all industries and services, excluding those affected by absence.