§ Mr. Marten
asked the Secretary of State for Foreign and Commonwealth Affairs, assuming the basic salary of an EEC Commissioner of approximately £56,000 per annum, what would be his retirement pension after five years in £ sterling.29W
§ Mr. Judd
As I made clear in reply to the hon. Member's question on 26th May, a member of the Commission retiring after five years' service would receive for the first three years after his retirement a so-called "transitional allowance" amounting after deduction of tax to 1,250,172 Belgian francs (£20,164) per annum. During these three years the Commissioner would continue to receive household, family and education allowances. Subsequently, assuming he has reached the age of 65, he would receive a pension amounting, after deduction of tax and social security payments, to 626,052 Belgian francs or £10,098 per annum. A retired Commissioner who completes the three-year transitional period at an age between 60 and 65 will receive a proportionately lower pension. The remarks on conversion into sterling in my answer to the hon. Member's question of 24th May apply. The actual gross basic monthly salaries of members of the Commission, expressed in sterling at current market rates were set out in the reply which I gave to the hon. Member on 22nd April.