§ Lord Blackwellasked Her Majesty's Government:
What level of National Insurance contribution rebate they plan for those contracting out of the new second state pension when introduced; and whether they intend that those earning £9,000 or less with an existing stakeholder pension would benefit from contracting out of the second state pension. [HL4664]
§ Baroness Hollis of HeighamThe Government Actuary is currently considering the responses to his consultative note on the level of National Insurance Rebates for those contracting out of the state additional pension for the period 2002–2007. He will make his recommendations to the Secretary of State in due course. Early next year, when the Secretary of State has considered the Government Actuary's recommendations, he will lay a report before both Houses setting out the proposed level of the rebates.