State Retirement Pensions: Pay

Department for Work and Pensions written question – answered on 21st November 2022.

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Photo of Lord Goddard of Stockport Lord Goddard of Stockport Liberal Democrat

To ask His Majesty's Government how has the value of the basic state pension altered as a percentage of average national earnings since 2010.

Photo of Baroness Stedman-Scott Baroness Stedman-Scott The Parliamentary Under-Secretary of State for Work and Pensions

The basic State Pension rate as a percentage of mean earnings is set out below.

Date of Uprating

Basic State Pension Rate as a percentage of mean earnings (%)

April 2010

16.3

April 2011

16.9

April 2012

17.7

April 2013

17.8

April 2014

18.2

April 2015

18.5

April 2016

18.5

April 2017

18.5

April 2018

18.4

April 2019

18.4

April 2020

19.0

April 2021

18.9

Source: Abstract of DWP benefit ratestatistics 2021 - GOV.UK (www.gov.uk)

Annual Survey of Hours and Earnings: Earnings and hours worked, all employees: ASHE Table 1 - Office for National Statistics (ons.gov.uk)

The basic State Pension is payable to those who reached State Pension age before 6 April 2016. It should be noted that some individuals may also be receiving the earnings-related additional State Pension (SERPS and/or State Second Pension (S2P)) or if they were contracted out of the additional State Pension, a private pension instead. Some individuals may also be receiving Graduated Retirement Benefit.

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