HC Deb 26 November 1999 vol 339 cc219-20W
Mr. Webb

To ask the Secretary of State for Social Security, pursuant to his oral statement of 19 November 1999,Official Report, column 314, which is the earliest year in which a person earning £6,000 a year could receive more than £50 a week exclusively through the state second pension. [100191]

Mr. Rooker

An employee earning £6,000 per year throughout their working life could retire with £50 per week from the State Second Pension in 2047. This would be in addition to a full basic State Retirement Pension.Notes:

  1. 1. State Second Pension is assumed to start in 2002.
  2. 2. Earnings and pension figures are in 1999 earnings terms.
  3. 3. The calculation is based on a person earning £6,000 per year (in today's earnings terms) for a full working life. A full working life is 49 years, beginning at age 16 and ending at age 65.