GROSSLY UNFAIR ---- MISSING OUT !!
by Tony Babington
My wife worked as a teacher and then ran her own nursery school for many years. She is now 64.
On approaching retirement age she was given an estimate as to what pension she would expect (based on the number of years she paid NI contributions)Max £84.00 a week. As this fell short of the maximum she could get, she was told that she could 'make up' the shortfall by paying extra amounts (actually several thousand pounds) for the years missing.
At the time this seemed worth paying as the extra pension gained soon paid off the extra lump sum payments. The new pension proposals fly in the face of my wife's situation and no doubt thousands in the same boat.
Why on earth is she being penalised by about £70 per week (£3640 a year) compared to the proposed £155 a week for fully qualifying pensioners on the proposed basis. This is completely and utterly unfair and should be addressed before the proposals are ratified.
Surely the premise for the new proposal is that it is considered by the Government that pensioners require £155 a week to live on ? They are therefore turning their back on the likes of my wife by expecting them to live on a 45% less pension. It is incomprehensible!!!!!!!
My thoughts on Pension Proposals
by Jane G
The difference between existing pensioners and new pensioners will be approximately £37 per week. However, for a couple this is a difference of £300 per month. This is a massive amount for most people.
Also it will be £300 for the first year only. In future years taking into account index linked rises the new pensioners will receive a larger increase every year.
Whilst it is always difficult to be completely fair this is very divisive. What with the loss of annuity rates and saving rates this is another blow to existing pensioners.
So much for us all being in this together!
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Can this robbery be legal?
I was born on 17th April 1953 - I have been robbed of 3 years pension by 11 days and no-one has lifted a finger to do anything about it. That's all there is to it.