§ Mr. George
asked the Secretary of State for Social Services if he will publish in the Official Report the estimated annual subsidy to the occupational pension funds to 1980 necessary to maintain the real value of the pensions they provide.
§ Mr. Orme
No such estimate is possible in relation to occupational pensions as a whole. But if my hon. Friend is referring to the arrangements under which the guaranteed minimum pensions provided by occupational pension schemes in consequence of the contracting-out provisions will be protected by the State scheme against rises in prices, the report by the Government Actuary on the Financial Provisions of the Social Security Pensions Bill 1975 (Cmnd. 5928) allowed up to £300,000 for this in the period to April 1981.