Work and Pensions written question – answered at on 20 December 2010.
To ask the Secretary of State for Work and Pensions how many people (a) receive and (b) contribute to a pension under the state savings related pension scheme.
The information is as follows:
(a) 8,814,100 people were in receipt of additional pension payable under the state earnings related pension or the state second pension schemes in March 2010.
(b) 23,224,000 people accrued some additional pension under the state second pension scheme in the 2007-08 tax year.
Notes:
1. The state earnings-related pension (SERPS) scheme operated from 1978 to 2001 inclusive. It was replaced with the state second pension (S2P) in 2002.
2. The figure in part (a) refers to claimants resident in Great Britain, and is rounded to the nearest hundred individuals.
3. The figure in part (b) is rounded to the nearest thousand individuals. It includes employees who were contracted-out of SERPS, but accrued some S2P by virtue of class 1 earnings-that is, contracted-out employees accruing some "S2P top-up". It also includes people who accrued S2P through home responsibilities protection or through credits because of their inability to work. The latest data available are for the tax year 2007-08, and are provisional.
Source:
DWP, Information Directorate, 5% sample administrative data and Lifetime Labour Market Database 1% sample of the National Insurance Recording System.
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