MSE News: Pension age to rise earlier than planned

edited 30 November -1 at 1:00AM in Pensions, Annuities & Retirement Planning
51 replies 5.2K views
MSE_GuyMSE_Guy MSE Staff
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This is the discussion thread for the following MSE News Story:
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  • MSE_Guy wrote: »
    This is the discussion thread for the following MSE News Story:
    If FIFA kept moving the goalposts further and further away from the players there'd be an outcry. This is bad on many levels, including the fact that there aren't enough jobs to go round anyway. I so hope I've won a modest amount on the lottery or something by the time I'm 60, as I do actually want a rest.
  • ArthurianArthurian Forumite
    738 Posts
    Part of the Furniture 500 Posts
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    We will need a culture change within the workplace, so that elderly workers feel able to go to the doctor and get signed off as long-term sick if they are increasingly unable to do the job. While many will be perfectly capable, some will be too frail to mend roads, or have slower reactions in negotiating roles, and be managed out by target-driven managers.
  • arthaartha Forumite
    5.3K Posts
    Hasn't anyone noticed there is already a thread discussing this subject (or at least the male state pension at 66)?
    Awaiting a new sig
  • artha wrote: »
    Hasn't anyone noticed there is already a thread discussing this subject (or at least the male state pension at 66)?
    I came here directly from a link in the newsletter where it specifically invited comments on the topic, presumably others did the same. I'm not trawling round the site looking to see if anyone else is talking about it when I have followed a proper link. Your comments assume myself and other people who have posted spend time on mse forums and, to be honest, the 'tone' wasn't appreciated. So no, I hadn't noticed because I'm not a regular visitor.
  • arthaartha Forumite
    5.3K Posts
    I came here directly from a link in the newsletter where it specifically invited comments on the topic, presumably others did the same. I'm not trawling round the site looking to see if anyone else is talking about it when I have followed a proper link. Your comments assume myself and other people who have posted spend time on mse forums and, to be honest, the 'tone' wasn't appreciated. So no, I hadn't noticed because I'm not a regular visitor.

    OK fair enough. Sorry if you thought there was a tone - none intended.
    Just for info,as you don't visit the forums, those who actually look at the forums would see much the same thread one above the other this morning.
    Awaiting a new sig
  • Percy1983Percy1983 Forumite
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    Being 26 now it scares me to think what the retirement age wil be by the time I get there (if I make it).
    Have my first business premises (+4th business) 01/11/2017
    Quit day job to run 3 businesses 08/02/2017
    Started third business 25/06/2016
    Son born 13/09/2015
    Started a second business 03/08/2013
    Officially the owner of my own business since 13/01/2012
  • artha wrote: »
    OK fair enough. Sorry if you thought there was a tone - none intended.
    Just for info,as you don't visit the forums, those who actually look at the forums would see much the same thread one above the other this morning.

    That's OK, it was the 'Hasn't anyone noticed..' part of it. You have to appreciate that many many more people read the newsletter than generally contribute to the forums.
  • arthaartha Forumite
    5.3K Posts
    Percy1983 wrote: »
    Being 26 now it scares me to think what the retirement age wil be by the time I get there (if I make it).

    Don't worry, you won't be that bothered as by the time you reach state retirement age you'll probably be suffering from dementia anyway and your pension will be taken back off you to pay for care home costs.
    Awaiting a new sig
  • If we were living in times of full employment and labour shortages, increasing the pension age may make some kind of sense but in this age of high unemployment it is just plain ridiculous. There aren't enough jobs to go round as it is, and forcing people to work longer will simply mean more youngsters unemployed. Surely paying unemployment benefit to a young family would cost the country far more than paying a pension to a single person or pensioner couple?

    I believe that the pension age should be scrapped altogether, and anyone who has paid sufficient contributions should be allowed to retire whenever they want on a full pension. Additionally, employers should not be able to get rid of someone simply because they have reached a certain age, but only because they are no longer capable of doing their job.
  • PincherPincher
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    Strictly speaking, the state pension was always a Bernie Madoff pyramid scam waiting to happen. Using today's NI contributions to pay OAPs, vs. paying interest to earlier investors using new investor money: is there a difference?

    I paid a few hundred pounds last year to buy an extra year's qualifying NI contributions. It's already used up to pay somebody's winter fuel allowance.

    Pyramid scams ALWAYS fall apart, but in this case,
    they could just keep raising the retirement age until only 80 year olds qualify. They could also cut down the numbers by withdrawing NHS services to people beyond economic repair. Free Euthanasia clinics will be a government quango soon.
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