HC Deb 20 May 1992 vol 208 cc164-5W
Mr. Allen

To ask the Secretary of State for Social Security if he will set out in the same format as his answer on 11 November 1991,Official Report, column 399, the weekly additional pension, SERPS, payable to men and women on average earnings, in each year since the scheme began to the present year 1992–93.

Miss Widdecombe

The table shows the amount of additional pension payable to men and women with age specific male and female average earnings respectively throughout their working lives retiring in each year from the start of the scheme—1979—to the present year 1992–93.

The amounts shown in table 1 have been revalued to 1992 prices. As the previous answer showed amounts from 1991 to 2061 in 1991 prices that table, too, is shown in its updated form, table 2.

Table 1
Year reaching pension age £ (rounded to nearest 5p)
Men Women
1979 2.00 1.35
1980 4.10 2.70
1981 6.55 4.35
1982 9.60 6.35
1983 12.00 7.85
1984 15.00 9.70
1985 18.40 11.80
1986 21.30 13.55
1987 25.75 16.25
1988 30.25 19.00
1989 35.00 21.85
1990 40.20 25.15
1991 42.55 26.50
1992 48.75 30.15

Table 2
Year reaching pension age £ (rounded to nearest 5p)
Men Women
1993 54.35 33.60
1994 59.65 36.85
1995 65.05 40.10
1996 70.70 43.45
1997 76.55 47.05
1998 82.50 50.55
1999 84.60 51.95
2000 85.70 52.65
2001 86.65 53.30
2002 87.50 54.00
2003 88.20 54.65
2004 88.80 55.25
2005 89.20 55.70
2006 89.50 56.05
2007 89.65 56.35
2008 89.60 56.65
2009 89.15 56.75
2010 89.80 57.70
2011 90.40 58.70
2012 90.90 59.60
2013 91.30 60.35
2014 91.70 61.05
2015 91.90 61.60
2016 92.10 62.15
2017 92.20 62.60

Year reaching pension age £ (rounded to nearest 5p)
Men Women
2018 92.15 62.90
2019 92.05 63.15
2020 91.85 63.30
2021 91.55 63.40
2022 91.15 63.50
2023 90.55 64.25
2024 89.90 65.10
2025 89.00 65.90
2026 88.00 66.85
2027 86.85 67.80
2028 86.85 68.75
2029 86.80 69.75
2030 86.75 70.80
2031 86.85 71.80
2032 86.90 72.75
2033 87.05 73.85
2034 87.20 74.85
2035 87.35 75.85
2036 87.55 76.80
2037 87.75 77.75
2038 88.15 78.65
2039 88.50 79.55
2040 88.85 80.25
2041 89.20 80.80
2042 89.55 81.40
2043 89.90 81.95
2044 90.20 82.45
2045 90.55 82.95
2046 90.85 83.45
2047 91.20 83.90
2048 91.50 84.35
2049 91.75 84.80
2050 92.05 85.20
2051 92.35 85.60
2052 92.65 85.95
2053 92.90 86.30
2054 93.20 86.65
2055 93.45 87.00
2056 93.75 87.35
2057 93.95 87.65
2058 94.20 88.00
2059 94.45 88.30
2060 94.70 88.60
2061 94.95 88.90