§ Mr. EvennettTo ask the Secretary of State for Social Security if he will make a statement on the operation of SERPS.
§ Mr. JackThe state earnings-related pension scheme —SERPS—is operating satisfactorily and more than 3 million pensioners are in receipt of an additional pension from SERPS. The scheme is now on a sound financial footing and future generations should be able to meet the state's pension commitments in the next century.