Retirement Pensions

Part of Oral Answers to Questions — Social Services – in the House of Commons at 12:00 am on 25th March 1975.

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Photo of Mr Brian O'Malley Mr Brian O'Malley , Rotherham 12:00 am, 25th March 1975

I certainly do not accept the hon. Gentleman's general proposition. For the first time in legislation, the present administration have provided that pensioners will receive increases in their pensions by the level of the movement in wages or prices, whichever is the greater. In addition, we are providing two up-ratings this year. We are doing far better than anything that was done by the previous administration. Furthermore the pension, expressed as a percentage of national average earnings, is certainly higher under this administration, comparing October 1973 with July 1974, than anything done by the previous Government.