MSE News: Pension minister vows 'no concessions' for WASPI

Malthusian

Mortgagefreeman wrote: »

Anne keen leads another WASPI meeting.

I question the veracity of your photo. There is one frog too many.

jem16

Option 2: Return to the timetable in the 1995 Pensions Act

Only if men's were reduced to the same as women. Not going to happen. Also undoes the 2011 act. Also not going to happen.

Despite what the SNP says, Option 2 does not undo the 2011 Act and certainly not for a cost of £8bn as opposed to £30bn as the government said.

What it does suggest is the return to the 1995 timetable for a group of 500,000 women born between April 1953 and April 1955.

The SNP are either deliberately misleading, haven't a clue themselves or lying.

bmm78

jem16 wrote: »

The SNP are either deliberately misleading, haven't a clue themselves or lying.

I'm not sure that's an either/or scenario

colsten

SNP MP Mhairi Black should have a danger warning sign tattooed to her forehead. She is now asking why young people like herself should pay National Insurance as they didn't know whether they'd get a state pension.

This demonstrates how badly informed she is, on several levels

1. she doesn't appear to understand how state pensions get paid for
2. she seems to have no idea that National Insurance pays for more than just state pensions
3. nor does she seem to have any idea how much / how little people pay in NI contributions in their lifetime, and how much they take out. Numbers don't appear to be her strong point.

Her mindless comments do go down quite well with people who are similarly badly informed.

Sometimes I despair.

Thrugelmir

jamesd wrote: »

New story today about pensioner benefits including the triple lock being considered for cuts because like the WASPI 2 and WASPI 3 demands they are not fair to other generations.

Nothing new. Budget deficit is the driver. More so if Hammond is fiscally loose in the intervening period. Harder and harder to find the savings as the low hanging fruit has been picked off.

JezR

It does look quite likely that the 'flat' 2.5% may be used for basic/new pension uprating again this coming year, although average total earnings growth on last month's measure weren't far behind at 2.3% (figure published next month is the one in the calculation).

xylophone

House of Commons Library Briefing Paper


Number SN-05649, 30 August 2016

Recent debates page 14 re "triple link" - but the whole ( once again by the knowledgeable Djuna Thurley) provides a useful summary of the whole SP business.....

xylophone

It does look quite likely that the 'flat' 2.5% may be used for basic/new pension uprating again this coming year, although average total earnings growth on last month's measure weren't far behind at 2.3% (figure published next month is the one in the calculation).

http://paullewismoney.blogspot.co.uk/2015/06/wages-to-boost-triple-lock.html

http://paullewismoney.blogspot.co.uk/2015/10/the-uprating-of-benefits-april-2016.html


The above from 2015 may be of interest.