Written question asked by Lord Field of Birkenhead (Labour) on Thursday, 16 January 2003, in the House of Commons. It was due for an answer on Monday, 27 January 2003. It was answered by Ian McCartney (Labour) on Monday, 27 January 2003 on behalf of the Department for Work and Pensions.

Dept for Work and Pensions

Question: To ask the Secretary of State for Work and Pensions, if he will estimate the cost of commuting all entitlements to guaranteed minimum pensions to entitlements to SERPS at the rate used to make such commutations in 1997.

Answer: Mr. Frank Field: To ask the Secretary of State for Work and Pensions if he will estimate the cost of commuting all entitlements to guaranteed minimum pensions to entitlements to SERPS at the rate used to make such commutations in 1997. [92184] Mr. McCartney: This information is not currently available. However, relevant work on the costs of guaranteed minimum pensions is currently being undertaken as part of the follow-up to the Green Paper "Simplicity--Security and Choice: Working and saving for retirement" published (Cm5677) on 17 December 2002. I will place the information in the Library once this is available.

Secondary information

Type: Written question
Reference: 92184; 398 c648W;398 c646W
Session: 2002-03
Subjects: Costs Guaranteed minimum pensions Pension rights State earnings related pension scheme
Link: View this Written question on www.publications.parliament.uk