Graded Pension Scheme

Part of Oral Answers to Questions — Pensions and National Insurance – in the House of Commons at 12:00 am on 26 January 1959.

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Photo of Mr John Boyd-Carpenter Mr John Boyd-Carpenter , Kingston upon Thames 12:00, 26 January 1959

If the man's wages were £12 net after payment of National Insurance contributions, and he retired at the minimum pension age of 65. the pension would be £2 18s.