On the unlikely assumption that no changes in pension rates or contribution liability have been made by 1st June, 1975, a man of 65 then retiring would receive a total pension of £4 5s. 6d. (single) and £6 7s. (married) and a man of 70 £5 11s. (single) and £8 3s. (married).
I cannot agree that the amounts are farcical amounts. I think that if one takes account of the increasing benefit paid to an increasing number of beneficiaries one must expect to have both increasing contributions and taxes.