HC Deb 17 May 1996 vol 277 c595W
Mr. Frank Field

To ask the Secretary of State for Social Security what has been the administrative cost each year of running SERPS. [29889]

Mr. Heald

The administrative cost of SERPS for each year is included in the estimated total cost of administering retirement pensions and is not identified separately. The figure for 1994–95, the latest year available, is £309 million. This includes the cost of order book encashments at post offices.

Source:

Social Security departmental report CM3213 March 1996.