§ Mr. DewarTo ask the Secretary of State for Social Security, pursuant to his answer of 1 February,Official Report, column 26, if he will publish similar figures showing the value of the basic retirement pension and state earnings-related pension based on the assumption of earnings uprating, including estimates for 1993–94 (a) expressed as a proportion of average earnings and (b) showing what the monetary equivalents would be if the proportions were applied to estimated average earnings in 1993–94.
§ Miss WiddecombeThe information is given in the tables.
251W
Retirement pension as a proportion of average earnings (per cent.) 1993–94 2015–16 2025–26 2035–36 2045–46 Basic pension 16.9 16.9 16.9 16.9 16.9 Average AP (women) 10.6 12.9 11.5 11.4 11.4 Average AP (men) 17.0 20.2 17.9 16.7 16.7
Proportions applied to 1993–94 average earnings (£ per week) 1993–94 2015–16 2025–26 2035–36 2045–46 Basic pension 56.10 56.10 56.10 56.10 56.10 Average AP (women) 34.95 42.80 38.15 37.90 37.90 Average AP (men) 56.45 67.00 59.25 55.45 55.35 Notes:
1. Amounts rounded to nearest 5p.
2. Assumes that LEL, UEL and Basic RP increase in line with earnings from April 1994.
3. AP represents the Additional Pension of an individual on average earnings in each year of his working life.