Move the State Pension age back to 60 for both men & women

qwert10

https://petition.parliament.uk/petitions/581736

50k signatures so far

trevjl

And the point is ?

even if it was, a) practical, b)Affordable, C)logical

these government petitions as complete cobblers, get as many signature as you like, the best you will get is a quick 2 minute debate

gary83

So 50,000 people think that we should all retire earlier paid for by the state? Luckily the vast majority don’t agree with it. 

The amount of young people going to uni has shot through the roof in the last 40 years, so if people go to school, finish university and get a job at 22 work until they’re 60 then retire on the state then people will only spend 38 years contributing but many more costing the state. So where’s that money coming from? Cut in pension rates? Massive rise in taxation elsewhere?

hugheskevi

Oddly, it doesn't seem to be the alleged beneficiaries of this proposed policy - young people - who are most supportive of it for some reason. The ones pushing it are the extremely altruistic older members of society, seemingly those aged about 60-66, from the discussions I have read to date.

JoeCrystal

The More Details got more information from the creator.

"Young people are struggling to find work, & losing their jobs, due to the pandemic. Why not allow older people to retire earlier, thereby freeing up jobs for younger people? There would be a cost, however, surely a far more positive cost than paying Universal Credit? Not to mention the option of restoring the balance back into young people's favour, & helping restore their future."

Lower the state pension age isn't the right way to restore "balance" back into young people's favour! Besides, all this will only result in large tax increases and guess who would be most hard-hit? A single working childless young person likes me, and I certainly don't fancy paying for it, not when I am trying to keep my head above the water at the moment.

Having said that, I am a firm believer that all people need to contribute towards the Treasury coffers, especially the pensioners who draws on the most from the coffers.

brewerdave

Can someone tell me when this will be enacted ? With the huge sums my OH and I will get, we want to book our first class round the world flight tickets !! 

QrizB

There was a thread on this topic last week and it was deleted after three pages of regulars pointing out why it was A Bad Idea.

Can I point you to the Lump of Labour Fallacy for a good explanation of why it wouldn't work, even if the UK had a spare £185bn to pay these extra pensions.

(I forget who posted this in the original thread but I can remember reading the Wikipedia article!)

steampowered

If you want to retire early, pay for your own private pension.

Ibrahim5

gary83 said:

So 50,000 people think that we should all retire earlier paid for by the state? Luckily the vast majority don’t agree with it. 

The amount of young people going to uni has shot through the roof in the last 40 years, so if people go to school, finish university and get a job at 22 work until they’re 60 then retire on the state then people will only spend 38 years contributing but many more costing the state. So where’s that money coming from? Cut in pension rates? Massive rise in taxation elsewhere?

I had never really thought about delay in the start of work. If you left school at 18 and retired at 67 that would be 49 years. I delayed my start and retired early after 28 years full time work. My wife did 7 years full time work and then married me. She has full state pension because we had children over a number of years. Doesn't seem much work over a lifetime. A footballer may only have to do say 5 years and that would be it if they were careful 

dunstonh

qwert10 said:

https://petition.parliament.uk/petitions/581736

50k signatures so far

One born every minute.

Lets give everyone £100,000 from the magic money tree.

westv

QrizB said:

There was a thread on this topic last week and it was deleted after three pages of regulars pointing out why it was A Bad Idea.

Which seems to be the case when we debate pension subjects rather than just seek advice. (rolls eyes)