Either that or hollowed out so much that it won't be enough to live on. Today's pensioners are the one group of benefit claimants who have been mollycoddled by successive governments. The trouble is - that's unaffordable. As a country we have enormous unfunded public sector pension liabilities - state pension and various public sector schemes - hanging around our necks, and no government has been brave (or foolish) enough to stand up and say so.I have a feeling that this will be like a carrot on a stick, in view but unobtainable as the age goes further and further back
BY the time today's kids get to their pensionable age it will probably be about 90
There is an intersting juxtaposition between this post and your AA Gill post, do we live for today and let tomorrow worry about itself, or do we save for our retirement.
Either that or hollowed out so much that it won't be enough to live on. Today's pensioners are the one group of benefit claimants who have been mollycoddled by successive governments. The trouble is - that's unaffordable. As a country we have enormous unfunded public sector pension liabilities - state pension and various public sector schemes - hanging around our necks, and no government has been brave (or foolish) enough to stand up and say so.
People do, and in any case anyone on the absolute basic state pension only has other benefits available. http://www.ageuk.org.uk/money-matters/claiming-benefits/pension-credit/what-is-pension-credit/I believe the current basic state pension is £119 a week. So that's 'enough to live on' is it?
I get a state pension after paying NI contributions.
I get a public sector pension after paying superannuation for over 40 years.
I think being labelled a benefits claimant is a bit harsh.
2036 for me apparently. I have alternative arrangements!
Today's pensioners are the one group of benefit claimants who have been mollycoddled by successive governments.