§ Baroness Jegerasked Her Majesty's Government:
What is the present value of the 25p addition to retirement pensions for those aged 80 and over compared with its original value.
§ The Minister of State, Department of Social Security (Lord Mackay of Ardbrecknish):If the age addition to retirement pension had been increased in line with prices on an annual basis since its Introduction in September 1971 it would currently be payable at a weekly rate of £1.55 increasing to £1.60 from 10 April.
Notes:
1. In each step of the calculation the amount has been rounded to the nearest 5 pence.
2. The retail prices index (all items) as published by the Central Statistical office has been used to calculate prices up-rating.