§ Mr. DewarTo ask the Secretary of State for Social Security if, on the basis of information in Cm. 2714 on the Pensions Bill, he will estimate the percentage of women retiring in(a) 2000–01, (b) 2010–11, (c) 2020–21, (d) 2030–31 and (e) 2040–41 who will retire with entitlement to a full basic pension (i) under the existing scheme and (ii) after proposed changes in the Pensions Bill.
608W
1990–91 £ 1991–92 £ 1992–93 £ 1993–94 £ 1994–95 £ Core costs 143,657 143,657 158,023 161,970 164,400 Equipment — 4,032.50 — — — Children Act training — 5,700 6,950 — — Powys development officer — 4,778 3,756 3,850 2,260 Review — — 13,400 — — Total 143,657 158,167.50 182,129 165,820 166,660
§ Mr. ArbuthnotThe Government Actuary advises that there is little difference between proportions of women who will receive a full basic pension under the current scheme and with the new state pension age. By 2025, almost all women, on reaching age 65, will retire with a basic pension in their own right: the average entitlement being over 90 per cent. Approximate, rounded, percentages of those who will retire with a full basic pension, based on estimates of the projected average level of pension, are contained in the table.
Year Percentage of women retiring in year with full basic pension percentage 2000–01 25 2010–11 50 2020–21 65 2030–31 65 2040–41 65