§ Mr. RooneyTo ask the Secretary of State for Social Security if she will estimate the percentage of women retiring in(a) 1998, (b) 2015, (c) 2035 and (d) 2045 who will be entitled to a full category A retirement pension. [20808]
§ Mr. Denham[holding answer 15 December 1997]: The information is not available in the format requested. Such information as is available is set out in the table.
The pensions review is one of the Government's key priorities. As part of the review we will be looking at ways to narrow the pensions gap between men and women so as to give women more security in retirement. We are also seeking to raise awareness of pensions issues.
As at September 1997, of women who are aged 60 within the previous year and are in receipt of any Retirement Pension, 15 per cent. are in receipt of a full Category A Retirement Pension. Projections in the same form for future years are not available.
Assumed percentage of women at minimum pension age who have own entitlement to retirement pensions and the average rate of entitlement as a percentage of the standard rate Per cent. Financial year of reaching pension age Assumed percentage with own entitlement Average rate of benefit 2000–01 80 75 2005–06 90 78 2000–11 100 83 2015–16 100 88 2020–21 100 91 Note
Figures in table are from the report of the National Insurance Fund Long Term Financial Estimates by GAD on the 3rd Quinquennial Review under Section 137 of the Social Security Act 1995.
Source:
Government Actuary's Department.
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