Financial aspects of a national income-related pension scheme

Abstract

The cost of the three model schemes was estimated on the assumption that all employees would be specifically covered; it was taken that no groups of employees would be specifically exempted or excluded. Moreover, although it is still an open question whether provision will be made for the contracting-out, or partial contracting-out, of those who are satisfactorily covered in occupational or other pension schemes, the costs shown in the Green Paper do not take account of any such possibility. Self-employed classes are not included.