State Earnings-related Pensions

HC Deb 31 January 1994 vol 236 cc586-7W

Mr. Flynn

To ask the Secretary of State for Social Security how much SERPS pension is payable in 1994–95 to a contracted-out employee with average earnings who retired at pension age at the end of each year from 1980 to 1993.

Mr. Hague

[holding answer 19 January 1994]: The information is in the table.

Year of Award1	Amount £2
1979–80	1.56
1980–81	2.82
1981–82	3.91
1982–83	5.18
1983–84	5.61
1984–85	6.49
1985–86	7.28
1986–87	7.37
1987–88	8.23
1988–89	8.82
1989–90	8.93
1990–91	8.56

Year of Award1	Amount £2
1991–92	5.90
1992–93	5.41
1993–94	5.29

Source: estimate prepared by Government Actuary's Department based on "all persons" average earnings in each year.

Notes:

¹Tax year 6 April—5 April

²Weekly amount of additional pension at proposed rates from 11 April 1994 net of "contracted-out deduction".