Attacks on state pension/old age benefits

[Pickman's model]

Think of the crowds at the guillotines. The popcorn sales alone would be through the roof.

Not to mention sales of my tiny violins. And executions of the Lords could take place in prominent squares and stadia in towns and cities across the country

 

[Argonia]

Here's one of those stories of workers going beyond the pension age, preparing us all for the fucking purgatory of working till we drop.

Still on track - railwayman who has worked for 58 years

 

[Proper Tidy]

Here's one of those stories of workers going beyond the pension age, preparing us all for the fucking purgatory of working till we drop.

Still on track - railwayman who has worked for 58 years

Saw that this morning. I mean maybe he just loves his job but would be very surprised if no economic motive for him to continue working past current state pension age, which funnily enough isn't addressed in article. Still, Employee #1!!!

 

[Argonia]

This hasn't got the widespread media coverage it should have done, particularly with the High Court decision yesterday about the women and pension age changing from 60 to 65. Was pleased to see at the Labour conference that Corbyn said he would never get people to work till 75.

 

[Pickman's model]

This hasn't got the widespread media coverage it should have done, particularly with the High Court decision yesterday about the women and pension age changing from 60 to 65. Was pleased to see at the Labour conference that Corbyn said he would never get people to work till 75.

whoa there. former people of whatever age will be required to expiate their sins through labour while resident in the south atlantic industrial zone. sympathy for these anti-social parasites is a bourgeois deviation.

 

[Proper Tidy]

This hasn't got the widespread media coverage it should have done, particularly with the High Court decision yesterday about the women and pension age changing from 60 to 65. Was pleased to see at the Labour conference that Corbyn said he would never get people to work till 75.

Yeah was gutted about yesterday. What I find particularly disheartening about the whole waspi thing is the response, including from people with generally sound politics, of indifference peppered with 'well, women and men should have same state pension age' sentiment. This was the first wave of a fundamental attack on pensions and specifically the working class and any socialist response should be that, if pension ages were to be equalised, then that trajectory should be downward. Most people on this board won't get state pension now until 67, a fair chunk 68, and it's not going to stop there. Yet so often we get this barrier that pensioners do alright, the grey vote, who's arsed. We have the lowest state pension compared to earnings of any country in the whole developed world for fucks sake and the people who rely on state pension in old age, the people who state pension will be most or all of their retirement income, are our people, not the fucking rich

 

[Pickman's model]

Yeah was gutted about yesterday. What I find particularly disheartening about the whole waspi thing is the response, including from people with generally sound politics, of indifference peppered with 'well, women and men should have same state pension age' sentiment. This was the first wave of a fundamental attack on pensions and specifically the working class and any socialist response should be that, if pension ages were to be equalised, then that trajectory should be downward. Most people on this board won't get state pension now until 67, a fair chunk 68, and it's not going to stop there. Yet so often we get this barrier that pensioners do alright, the grey vote, who's arsed. We have the lowest state pension compared to earnings of any country in the whole developed world for fucks sake and the people who rely on state pension in old age, the people who state pension will be most or all of their retirement income, are our people, not the fucking rich

men and women should have the same pension age and it should be 60 in both cases.

 

[Proper Tidy]

Just so it is on here - higher rates of poverty in over 75s than general population, lowest state pension of any developed economy, fucking annoys me when you just get back the pensioners are all rich, pulled up the ladder blah

 

[Pickman's model]

Just so it is on here - higher rates of poverty in over 75s than general population, lowest state pension of any developed economy, fucking annoys me when you just get back the pensioners are all rich, pulled up the ladder blah

to put that 29% into context, assuming a median salary of £27,000 pre-tax, a pensioner would be reduced to £7,830

e2a: depending on how you value a freedom pass / bus pass the cash income could be lower

 

[The39thStep]

Neither my sister, brother in law or my brother or his ex have any pensions aside from if and when they get to 66 and recieve the state pension.Loads of people I know same age are in the same boat aside from a few who are due a few, and I mean a grand a year from army or work pensions. Other older friends have sold their houses and now rent .

 

[Pickman's model]

Neither my sister, brother in law or my brother or his ex have any pensions aside from if and when they get to 66 and recieve the state pension.Loads of people I know same age are in the same boat aside from a few who are due a few, and I mean a grand a year from army or work pensions. Other older friends have sold their houses and now rent .

i repeat the advice i've often been given - don't get auld, it's gray and grim there. if yeats lived in britain now he'd say with justice 'this is no country for auld men' or auld women either

 

[campanula]

don't get auld, it's gray and grim there.

It isn't much different to being young. Still skint but now with with dodgy knees.

 

[Pickman's model]

It isn't much different to being young. Still skint but now with with dodgy knees.

It's true, you bounce better when you're young.

 

[ruffneck23]

i repeat the advice i've often been given - don't get auld, it's gray and grim there. if yeats lived in britain now he'd say with justice 'this is no country for auld men' or auld women either

My sentiments exactly , I’ve said for a while now ‘ my pension is my lifestyle ‘ I don’t think or intend to get that old , when saying that to the 30 year olds at work they scoff and say it’s your pension ffs , I just smile to myself

 

[brogdale]

Rishi Sunak hints at suspension to pension triple lock

Chancellor refuses to say whether guarantee introduced in 2010 will be honoured this year

www.theguardian.com

Rishi Sunak has given a broad hint that the government will temporarily break the pension triple lock this year in order to prevent the Treasury being landed with a £3bn uprating bill.

The chancellor said there was a need to be fair to taxpayers as well as pensioners in light of a forecast from the Whitehall spending watchdog – the Office

Budget Responsibility – that a post-lockdown surge in pay growth would result in the state pension going up by 8% next April.

"...temporarily..."

 

[Argonia]

I personally don't bother with the pound sterling anymore but feel sorry for pensioners who do

 

[Badgers]

Rishi Sunak hints at suspension to pension triple lock

Chancellor refuses to say whether guarantee introduced in 2010 will be honoured this year

www.theguardian.com

View attachment 277530





"...temporarily..."

Like VAT was temporary?

 

[marty21]

My mum and dad and their friends all came up from poor backgrounds through grammar school into different circumstances. They retired before they were 60. They are now 79 and 81. They have had 20+ years of retirement which is something I can't even imagine

My father in law retired at 55 on an army pension (he was in the Australian army) he died at 93 , his pension was very generous (he was getting about £4k a month when he died) . He used to send regular money to his 5 kids as he didn't have much to spend the money on. I've already sailed past 55 ,and I know my pension won't be in the £4k a month range

 

[Argonia]

My father in law retired at 55 on an army pension (he was in the Australian army) he died at 93 , his pension was very generous (he was getting about £4k a month when he died) . He used to send regular money to his 5 kids as he didn't have much to spend the money on. I've already sailed past 55 ,and I know my pension won't be in the £4k a month range

My grandfather was born in Auckland but moved to Sydney when he was 9 but ended up in the British Navy against the evil of Nazism

 

[brogdale]

My father in law retired at 55 on an army pension (he was in the Australian army) he died at 93 , his pension was very generous (he was getting about £4k a month when he died) . He used to send regular money to his 5 kids as he didn't have much to spend the money on. I've already sailed past 55 ,and I know my pension won't be in the £4k a month range

Mate, our state pension is a fucking disgrace in international terms; I expect the vermin are hoping to get that %GDP spend down below Costa Rica...world beating.

 

[ska invita]

a few good tweets on this thread from Telegraph Money account



WTAF:

Im stunned by that

 

[ChrisD]

It's my 65th birthday next week. I'm knackered but need to keep going for another year. I was really looking forward to free bus travel too. I wonder if that will be abandoned in the next 12 months....there seems a huge disparity in my age group between those with good public sector pensions and those without.

 

[Puddy_Tat]

It's my 65th birthday next week. I'm knackered but need to keep going for another year. I was really looking forward to free bus travel too. I wonder if that will be abandoned in the next 12 months....there seems a huge disparity in my age group between those with good public sector pensions and those without.

Sorry, but broadly speaking, the bus pass (assuming we're talking England) is now at state pension age (or if there's still a difference, at the state pension age is for a woman the same age as you) not at 65.

more here.

I'm not sure what the rules are in wales / scotland / n ireland as this is devolved to the local administration.

In some places (including London), there is a discretionary local scheme for people at a younger age, and / or a scheme that includes things like trams, metro / underground and local rail (which are not part of the statutory national scheme) - with the government attacks on TFL i'm not entirely sure how long the 60+ oyster scheme will last...

 

[marty21]

Sorry, but broadly speaking, the bus pass (assuming we're talking England) is now at state pension age (or if there's still a difference, at the state pension age is for a woman the same age as you) not at 65.

more here.

I'm not sure what the rules are in wales / scotland / n ireland as this is devolved to the local administration.

In some places (including London), there is a discretionary local scheme for people at a younger age, and / or a scheme that includes things like trams, metro / underground and local rail (which are not part of the statutory national scheme) - with the government attacks on TFL i'm not entirely sure how long the 60+ oyster scheme will last...

I'm 3 and a bit years off 60 , can't see it being around when I hit 60. Mrs21 got it at 60 and worked another 5 years, free commuting . That's stopped now, you can't use them before 9.30.

 

[Serene]

Still valid?

 

[Lurdan]

Still valid?

House of Commons Research Briefing from April here :

Pensions: international comparisons - House of Commons Library

A comparison of state pension alone shows the UK providing a lower level of pension than most other advanced economies relative to average earnings, however, the relative position of pensioners converges if income from all sources is considered. According to an OECD analysis published in 2019, the UK has an overall net replacement rate of 28.4% from mandatory pensions for an average earner (well below the OECD average of 58.6% and the EU average of 63.5%). When voluntary provision (mainly workplace pensions) is included as well, the UK’s net replacement rate rises to 61.0%, while the OECD and EU averages rise to 65.4% and 67.0% respectively.

The UK devotes a smaller percentage of its GDP to state pensions and pensioner benefits than most other advanced economies. Income from occupational and personal pensions is a relatively important source of pensioner income in the UK, in contrast to many other countries where state provision (financed either through social insurance contributions or general taxation) is dominant.

Obviously this is putting the best interpretation on the figures but they still don't look wonderful for those not in pension schemes.

And this is just a comparison of pension incomes of course. I think you'd also need to factor in home ownership as well for a proper comparison of the situation of pensioners.

 

[Serene]

Thanks for that post. We are quite near the bottom of Europe then. I am surprised at Sweden and Norway.

 

[Badgers]

Will be interested/depressed to see how that graph looks in 20-40 years

 

[brogdale]

Will be interested/depressed to see how that graph looks in 20-40 years

Well, using covid etc as an excuse to ditch their triple-lock can only mark the start of the race to the bottom of the table; #worldbeating

 

[ska invita]

Well, using covid etc as an excuse to ditch their triple-lock can only mark the start of the race to the bottom of the table; #worldbeating

100m sprint