§ Mr. FieldTo ask the Secretary of State for Social Security if he will calculate for someone on earnings of £15,000(a) the size of a contracted-out rebate for a final salary occupational scheme and (b) the proportion of the National Insurance contribution for someone on earnings of £15,000 that is contributed to SERPS if they are not contracted out. [151489]
§ Mr. RookerFor someone with annual earnings of £15,000 in the 2000–01 tax year, the size of the contracted-out rebate for a final salary occupational scheme would be £529.74. The employee's share of the rebate would be £184.26. It is not possible to provide details of the proportion of the National Insurance contribution that is contributed to SERPS for someone on earnings of £15,000 who is not contracted out. This is because Class 1 National Insurance contributions are not separable into elements for the State Earnings Related Pensions Scheme (SERPS) or for other benefits paid out of the National Insurance Fund.
§ Mr. FieldTo ask the Secretary of State for Social Security if he will calculate the outstanding liability to SERPS for each of the next 40 years if all workers turning 25 years were automatically contracted out of SERPS at the standard occupational pension rate. [150729]
§ Mr. RookerNone.