Proceeding contribution from Lord Freud (Conservative) in the House of Lords on Tuesday, 1 March 2011. It occurred during Debate on bill and Committee proceeding on Pensions Bill [HL].
Pensions Bill [HL]
Yes. At the early stages there are some years where the figure peaks at around £210 million and then comes back later, so it is a net early annual cost to the state with that maximum, coming down later to a net present cost that is neutral. From memory, the peak year was coming out at—was it 1925? Sorry, 2025. I will get the right century soon. The peak would be early in the 2020s until 2025.
Secondary information
- Type
- Proceeding contribution
- Reference
- 725 c161GC
- Session
- 2010-12
- Chamber / Committee
- House of Lords Grand Committee
- Subjects
- Disability Carers Age Women Employment Equality Health Eligibility Employees' contributions Employers' contributions Ethnic groups Earnings rules Pension credit Personal income Workplace pensions Pensions Part-time employment Social security benefits State retirement pensions Life expectancy National employment savings trust scheme
- Legislation
- Pensions Bill (HL) 2010-12
- Link
- View this Proceeding contribution on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2023-12-15 21:04:32 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_719162
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