Select Committee on Work and Pensions Minutes of Evidence


Correspondence between Chairman of the Committee and the Department for Work and Pensions (PC 25A)

Letter from Chairman of Committee to Secretary of State

  Dear Alistair,

  Thank you for the memorandum your Department submitted to our Pension Credit inquiry. As you are probably aware, we shall hold our first oral evidence session for the inquiry on 27 February and are looking forward to hearing from Ian McCartney next month.

  The Committee has asked me to write in order to clarify two pieces of information related to the detailed projections of the Credit's cost, contained in your publication, The Pension Credit: long-term projections. These are:

    (i)  What assumptions have been made about the proportion of pensioners receiving private pension income and the average amounts received, for the years 2010 to 2050?

    (ii)  Among current pensioners, what percentage of (a) men and (b) women, who do not have a full basic state pension in their own right, have a second income from a private pension and, if so, how much on average? What assumptions, if any, have been made about these percentages and amounts for future years in arriving at the projected costs of Pension Credit.

  We appreciate that these are technical questions, but were it possible for the Committee to receive an answer within two weeks, it would greatly assist our deliberations. You might be interested to know that I have also written to the Government Actuary's Department requesting information on the interaction of the State Second Pension and the Pension Credit.

  I look forward to hearing from you in the near future.

Archy Kirkwood

23 February 2002


 
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