§ Mr. Jeremy CorbynTo ask the Secretary of State for Social Security, what is his estimate of the payments per employed worker into occupational or private pensions schemes for each year since 1980; and what he estimates the figure will be for 1994–95.
§ Mr. HagueThe information is in the table. Estimates for 1994–95 are not available.
696W
Year Workforce1 (millions) Aggregate payments2 (£ billions) Payments per employed worker (£) 1980 25.301 13,350 527.60 1981 24.323 16,490 677.90 1982 23.888 16,954 709.73 1983 23.595 17,763 752.80 1984 24.051 18,542 770.90 1985 24.354 19,059 782.60 1986 24.354 19,540 803.00 1987 24.774 20,304 819.60 1988 25.580 21,401 836.60 1989 26.231 24,537 935.40 1990 26.514 25,289 953.80 1991 25.691 28,294 1,103.30 1992 25.119 29,152 1,160.60 1 Size of the employed workforce in June of each year, 1980 to 1992 (United Kingdom seasonally adjusted to include those in full-time and part-time employment, self-employment, and the armed forces). 2 Aggregate payments into occupational and personal pensions by employees and employers at current prices. The information relates only to current payments into occupational or personal pensions by both employers and employees. The data does not give a full picture of total pension rights being accrued as these will continue to increase during any contribution holidays.