SERPS (Hansard, 21 April 1993)

HC Deb 21 April 1993 vol 223 c137W 137W

§ Mr. Dewar
To ask the Secretary of State for Social Security what is his latest estimate of the long-term savings which will arise as the result of the phasing out of the best 20 years rule for calculating SERPS pensions.

§ Miss Widdecombe
The best available estimate' is as follows:

Savings £ billion²

1993–94 0

2003–2004 0

2013–2014 0

2023–2024 3

2033–2034 8

2043–2044 11

2053–2054 13

¹ Supplied by the Government Actuary's Department

² Approximate savings at April 1989 prices.

	Savings £ billion²
1993–94	0
2003–2004	0
2013–2014	0
2023–2024	3
2033–2034	8
2043–2044	11
2053–2054	13
¹ Supplied by the Government Actuary's Department
² Approximate savings at April 1989 prices.