unfair two tier pensions

by valerie
(bham)

How on earth can a two tier pension system be allowed to go through.

Its grossly unfair. Ageist and,Discriminating.

We must all stick together, to stop this from happening.

Lets if necessary start a countrywide petition, and hammer on the door of No 10. So come on lets all stand up and be counted.

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Feb 05, 2013
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Four Tiers, Not Two!
by: Jane

We will have four Tiers of pension payments, please read my comment to Sandra below.

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My opinion on pension proposals

It would appear that the new proposals will produce a two tier system with those reaching retirement age before the 2017 dealine being at a disadvantage.

This must be an infringement of the human rights of those disadvantaged ?.

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new pension proposals

by EJCarrr
(Bedfordshire, UK)

Having paid full contributions all my working life I am disgusted that this Government can take away this little extra I get. I paid the full contribution.

When I started work private pensions were unheard of so I paid the contributions in full, opting not to take the reduced married womans rate.

Many women opted out of paying full contributions and knew they were going to get a slightly lower pension. They chose to have the money whilst working, I chose to save a little for retirement and this Government plans to take that away.

It is mean, nasty and yet again this Government is out of touch and picking on those least likely to afford it.

The current state pension is not adequate and should be of a decent rate but to take the extra paid contribution part is totally unfair.

The proposals must not affect those that are already retired and do not have a private pension.

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Jan 15, 2013
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serps and s2p
by: Anonymous

i have paid into serps and s2p for at least 39years and have built up an extra pension of £60 per week. Will I get this or will it be reduced. if it is reduced then all those in final salaries should have that reduced and their lump sums reduced aswell. Why should they get £144 when they paid less In and still get the final salary.


Jan 15, 2013
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Clarity on SERPS
by: Pat @ Babyboomers-retiring

Oh my the comments are pouring in as I am updating the page with the new information on the proposals!

The position on SERPS was not really clear in the previous proposal.

However, it is clearly stated in the White Paper released yesterday 14th January 2013 that those who paid extra contributions into SERPS will not lose out. It states the new system will honour accrued payments to date so that many workers will receive more than the £144 flat rate.

It is some consolation!

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Very Unhappy with Proposed State Pension Proposals

by CL
(Cheshire)

I have worked over 40 years and am still working part time.

I have paid full NI contributions all that time and both my husband and I have sold parents' property to pay their residential care fees, paid full university fees and accommodation for my children ( who also worked their way through university by taking part time jobs).

We are not wealthy and my job went under council cuts two years ago affecting my pension.

My husband was made redundant years ago and works part time only. We both will draw our pension before 2017 and I feel very unhappy and let down that we will not be eligible for the new higher rates.

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Jun 16, 2013
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update
by: Chas Sheffield

it is now 6th April 2016 if that is any good

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Once more, a kick in the teeth!

by Polly
(Birmingham)

How dare the Pensions Minister say that the new proposals are going to benefit "women"?

Women who have taken (paid!) time off work to have children, perhaps, but what about those of us who have worked ALL our working lives and paid our full contributions, in the expectation of retiring at 60 (I'm 59) only to have the bombshell dropped on us by the last Government that we now have to wait till, in my case, 63 and a half to get the State pension.

I lose 3.5 years of pension (approx. £20,000) for which I've paid - and now we find that from 2017 we will ALSO lose out on about £40 a week for the rest of our lives (over £40,000 if we live 20 years) in comparison with women who are just one year younger.

I don't see losing out on £60,000 as being much of a benefit! Why not a sliding scale?

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Jan's thoughts

by Jan
(Cambridge)

Twelve million+ pensioners are going to be worse off with this new pension reform. Remember, MPs, my x on the ballot paper is hovering over you!

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Still Frozen Out

by Jane.
(Canada)

Still no mention of the frozen pensioners.

When is this injustice going to be addressed? All have paid NI over a lifetime but just 4% are denied their annual cost of living increases just because of where they live.

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Jan 18, 2013
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....and very cold!
by: Andy

Thanks Jane and Anonymous and I would just like to draw attention to George and my comments on this same issue. For those who are unaware I hope they appreciate the plight this discrimination against a group of the most vulnerable of our citizens causes.

Jan 17, 2013
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STILL FROZEN OUT
by: Anonymous

Jane, one wonders just what rules UK MPs must have to agree to obey when they so easily reverse their views on Britain's Frozen Pension Policy once they get elected. As suggested elsewhere, none of them would pass a Lie Detector test!! Re-indexing our pensions is not only possible but is long overdue. The only barrier is the blind obstinacy of Ministers who have no conscience whatsoever about their continued persecution of over half a million full-paid-up pensioners.

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Two systems to run in tamden for 30 years?

by Sandra
(London)

If somebody retired recently, for example a woman of 61/62, it is quite possible that she would still be drawing the "old" pension for a further 25-30 years.

Are the Powers That Be prepared to be running both systems, in tandem, for that length of time?

I cannot see how this would work effectively, and I also cannot see why today's pensioners should miss out on a potential £50K - £60K extra during our later years.

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Jan 28, 2013
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Not Two Systems!
by: Jane

Sandra, for many years there has been three systems running. Those state pensioners in the UK being paid their cost of living increases plus extra benefits, expats being paid cost of living increases but no extras and the frozen 4% who get no cost of living increases and no extra benefits. So now with this new system that makes it four tiers. All expats are entitled to the same treatment, eligibility is dictated by ones NI contributions, expats do not expect the "extras" but by rights all should get cost of living increases, to not treat all expats the same is outrageous discrimination and theft.

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Them and Us Not Fair

by Mike Muller
(Aberdeenshire)

I think that we should all have a fair pension similar to the rest of Europe.

The problem with our so called Leaders is that 'WE' have had to get up and go to work and pay for everything involved in getting to our place of work.

We can claim for nothing and our so called 'Leaders' claim for everything and retire at any age and get payments from everywhere and get Parachute payments and enormous pensions and remember that they have never had a 'Job' in their lives.

We as pensioners get the crumbs only. In my case I will be 70 next birthday and am still taxed on my wages.

I feel that having worked all my life and paid my dues always and as I have met all the requirements I should have no tax deducted on my wages and this will enable me not to be so reliant on the pension payment which I may I add is also taxed.

Our system favours 'the never worked ' bunch and WE have to foot the bill.

Annoyed
Mike Muller

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My thoughts on new pension proposals

by A.J.N.
(Cumbria)

These proposals are another example of Government incompetence. The absolute unfairness has not even been given a modicum of consideration.

After paying in full contributions, my husband and myself miss out on the new flat rate by a short time scale. Another couple, a year younger than us, will receive nearly £40 each more per week, in today's money yet may not have actually contributed as much as ourselves.

They and ourselves may live another 30 years after the introduction in 2017 of this new scheme. In that scenario they stand to benefit from over a £100,000 of pension which will be denied to us just because they happened to be born a year after us! How can this be justified?

Millions of existing pensioners will lose out and they have possibly paid into the system much more than those new pensioners claiming the flat rate in 2017.

Again being born in the wrong year I have to wait 3 extra years for my state pension (age 63 instead of 60), at least those having to wait even longer after 2017 are being well recompensed in comparison to myself and others like me! They have a state pension worth waiting for.

It is to be hoped that existing pensioners wake up and smell the coffee before this goes through Parliament. Apart from this site I haven't heard much opposition as yet. Today's pensioners are the main voting body and should fight this forcefully making their voice heard LOUDLY.












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