Look Out You Youngsters

[TWR]

Caring Tory's, work for your pension and get it at 75, either that or order your box, whichever comes first.

[Old_Geezer]

It is disgusting how uncaring parliament is these days. Any excuse to break the agreement between today's workers/tomorrow's pensioners and the State to save money. Whoever the MPs work for it doesn't seem to be the people. They'd rather the contributors worked themselves to death in preference to getting folk off of Welfare and into vacated jobs.

[mikey4444]

I will get my OAP in June 2018, on my 65th birthday. But I feel sorry for all the people who have had the rug pulled out from under them at the last minute, especially the women.

But where is the money going to come from to give everybody an OAP at an earlier age ?

We could raise taxes I suppose but that isn't a great vote winner, is it ?

[ToraToraTora]

Link ?

[VHG]

The pension age would have to rise (and has done so in every country) as people are living too long to support a state pension for all from 60 or 65 so it is not just a Labour thing or a Tory thing.

But some people are so anti-tory they just can see beyond those blinkers.

On a "history of the pension" web site it says (NOTE IT SAYS LABOUR GOVERNMENT BELOW)

"2007 - further rises in pension age to 66, 67, and then 68 introduced"

"The Labour Government passed a new law to raise state pension age to 66 between April 2024 and April 2026, then to 67 between April 2034 and April 2036 and to 68 between April 2044 and April 2046"

[agchristie]

A lot of people will be hoping that they have to finish on medical grounds then to get their pension released a bit earlier...

[ToraToraTora]

there is a pension time bomb, essentially we are living longer and there are less people earning and more people scrounging than ever. I assume Jezza and co would simply put a ton of taxation on the young who are actually working, presumably forcing a lot of them on to the dole because they would become worse off working.

[Canary42]

MPs get their (generous) pension payable as soon as they're unseated - we're all in it together again NOT.

[Old_Geezer]

You don't solve any "pension time bomb" problem by switching money that ought to be spent on pensions onto unemployment welfare and beyond. At any point there are only so many jobs and thus will be a certain number of unemployed that have to be supported. That doesn't change. The only changes that occur when raising a State pension age seem to be :

a) Decent citizens who have contributed to the country all their life are forced to work until they drop as past agreements are torn up by an uncaring government.

b) Younger folk who either do not wish to contribute, or who can't because of a lack of job positions, are even less likely to find a position. These will include those who also have families to support so has to be more costly than a pension.

c) The more immoral politicians and civil servants can rub their hands in glee as individuals feel they have to leave employment (or rightfully feel they deserve to having done their bit) struggle to live on whatever savings they managed to put by (if any) and the State offers nothing until they are poor.

I suspect the reality is to try to dump the State pension entirely for self provided ones, along with all associated risks carried by individuals, many of whom may not have the income to provide much for their future selves anyway.

This whole pension age raising move, using the number of older folk around as an excuse, is disgusting, and unworthy of a civilized society. Given the gap between the number of job positions available and the number of younger folk who are unemployed, the only sensible thing to do would be to lower the State pension age to narrow that gap; especially since it seems clear that a single person's pension must cost less than welfare for an adult with a family. Target jobs to the true 'unemployed that ought to be employed' group.

[woolleysheep]

in my local town the only people shopping in the week are the elderly (pensioners) so as the pension age goes up there will be less shoppers who keep the shops open

[Baldric]

Just checked mine

https://www.gov.uk/state-pension-age/y/age

will commence on my 65th B'day in July.

[youngmafbog]

Baby boomers, the EU and scrounging foreigners have taken it all.

The rest of us will work until we drop, especially since Gideon is about to raid Pensions just like Bottler did.

[Cloverjo]

I'll be 67, according to Baldric's link.
Where will it end?

[youngmafbog]

Feet first in a box ?

[Cloverjo]

Probably.

[retrocop]

Just got a letter from DWP 10 mins ago. My OAP goes up £4 a week in April. Only started receiving it in January. This getting old lark is quite lucrative.Wish I was starting it 40 years ago. Would have a telegram as well :-)

[Old_Geezer]

Baby Boomers are those being affected already. They have certainly not taken it all at all. What they have done is worked diligently over the years without moaning it's worse for them but getting on with it. Now they have to endure nonsense about how easy life was for them and how awful for everyone else. At least the youngsters have fore warning of what a load of counts there are in parliament and to rely on their own pension arrangements. Some relied on what was promised and are now getting some of it snatched away right near the end by those with the power not to be challenged.