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answering dept short name	Work and Pensions
identifier	218676
min date tabled	2014-12-15
max date	2014-12-15

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registered interest

date

exactly:

or between:
and

answering body

answering dept id

answering dept short name

answering dept sort name

hansard heading

house id

legislature


pref label

question text

tabling member constituency

tabling member printed

uin

answer

is ministerial correction

date of answer

exactly:

or between:
and

answer text

answering member constituency

answering member printed

grouped question UIN

question first answered

answering member


label

tabling member


label

170557

registered interest

date

15/12/2014

answering body

Department for Work and Pensions

answering dept id

answering dept short name

Work and Pensions

answering dept sort name

Work and Pensions

hansard heading

State Retirement Pensions

house id

legislature

25259

pref label	House of Commons

question text

To ask the Secretary of State for Work and Pensions, what estimate he has made of the proportion of people who will reach state pension age in the 12 months from the commencement date of the single tier pension who will receive a reduced pension as a result of (a) having made reduced National Insurance contributions as a consequence of contracting out of (i) SERPS or (ii) 2SP and (b) failure to attain the qualifying threshold of a contribution record of 35 years.

tabling member constituency

Angus

tabling member printed

Mr Mike Weir

uin

218676

answer

is ministerial correction

date of answer

18/12/2014

answer text

The Department estimates that of those reaching State Pension Age in 2016-17: · 37% will receive at least the full rate of the new State Pension;· 52% will receive less than the full rate of the new State Pension due to having made reduced National Insurance contributions as a consequence of contracting–out of additional pension (SERPS and/or S2P);· 11% will receive less than the full rate of the new State Pension due to not having achieved 35 qualifying years. Percentages have been rounded to the nearest 1%. These individuals will have their own National Insurance record valued at the higher of the old scheme or new scheme rules. Both old scheme and new scheme valuations will take account of periods of contracted out employment.

answering member constituency

Thornbury and Yate

answering member printed

Steve Webb

grouped question UIN

218675

question first answered

18/12/2014 12:03:30

answering member

220

label	Biography information for Steve Webb

tabling member

1384

label	Biography information for Mike Weir