Mr Major’s Written Parliamentary Answer on State Pensions – 23 February 1987

Below is the text of Mr Major’s written Parliamentary Answer on State Pensions on 23rd February 1987.

Mr. Adley Asked the Secretary of State for Social Services if he will make a statement on the future funding of state pensions.

Mr. Major State retirement pensions will continue to be funded principally through national insurance contributions by employers and employees. We took steps in the Social Security Act 1986 to modify the future costs of the state earnings-related pension in order to ensure that it would be possible to fund increasing pensions for growing numbers of pensioners.