State Pension

[gulliver1]

Will the triple lock system be Sunaks "Hot Potato" ??.
I think it will be his and his partys downfall .Triple lock is going to be a major issue , but no one wants to discuss it. Sunak,Hunt and DWP Secretary have refused comment or address the issue ,but you can bet your life they are cooking something up between them that will be no advantage to Pensioners.

.

[gulliver1]

Most state pensioner paid into the system for 45 years just to be given the lowest state pension in Europe.

[naomi24]

//I think it will be his and his partys downfall //

You've said that about everything,.... for years... and for years you've been wrong. Why not wait and see - just for once?

[gulliver1]

Take those Blue Blinkers off Naomi.
The Tory Tortoise shell is crumbling around you as we speak.

[naomi24]

How many years have you been saying the same thing, Gulliver?

[Zacs-Master]

The Netherlands, Austria and Switzerland all lag behind the UK in state pension amounts.

[Paul22118]

Forget personalities, forget party politics - whoever is Chancellor will be well aware that dumping the triple lock will be the death knell of that party. Nuff said.

[THECORBYLOON]

ZACS, in The Netherlands, the State Pension is linked to average earnings.

This is from a House of Commons Briefing Research paper this year,

"The AOW pension is a basic state pension linked to the Dutch minimum wage. A single person gets an amount worth up to 70% of the net minimum wage, while a pensioner couple gets the equivalent of 100% of the net minimum wage (50% each). The AOW amounts are revised each January and July along with the minimum wage itself. Entitlement is residence-based: an individual accrues 2% of the full amount for each year he/she is resident in the Netherlands between age 15 and the AOW pension age, up to a maximum of 50 years. For January-June 2022, the full AOW amounts are: €1,244.35 per month (£237 per week) for a single person, and €851.52 per month (£162 per week) for each member of a pensioner couple."

https://shortest.link/7GJB

[Zacs-Master]

That’s the very link I got my info from, TCL. If you scroll, down to the table you’ll see the ‘rankings’.

[ZebuSanctuary]

// Most state pensioner paid into the system for 45 years //

Nothwithstanding those employees who contributed into company final salary (Defined Benefit) schemes, to qualify for the full NEW state pension, one needs to have 35 (NI) qualifying years.

Previously it was 30 years i.e., Those drawing their state pension before 2015. Hence they're paid at the lower rate of the current two-tier system.

[Gizmonster]

There are approximately 12.5 million pensioners in the UK - that's potentially a huge chunk of votes to lose if he reneges on his triple lock promise.
On the other hand, it'll cost the treasury a fortune if he keeps it.
Damned if you do ..... damned if you don't !!

[douglas9401]

Can't people just keep working until they drop dead like in the good old days.

Bloody slackers and wimps.

[ZebuSanctuary]

// dumping the triple lock will be the death knell of that party. Nuff said.//

Since Boris chose to suspend the triple lock during 2022-2023, has the death knell already sounded?

[ZebuSanctuary]

// Can't people just keep working until they drop dead like in the good old days.//

Don't let the police or fire service hear you say that!

[ToraToraTora]

"I think it will be his and his partys downfall" - You've been predicting this "downfall" for 12 years! What you fail to see that Labour's downfall happened in 1979 and there is no effective opposition. It doesn't matter how bad you think the Tories are Labour are worse. Tories win again in 2024 me old china.

[Old_Geezer]

The way things have gone, not only regarding pensions, but NI, illegal immigration, etc. the Tory Party may need to open communication channels with Reform if they plan to remain in power. They're running out of time to appear credible to a majority of constituencies.

[gulliver1]

State Pensioners are calling for a minimum weekly pension of £380 pw. They have no chance of that with this load of Cons .

[New Judge]

//On the other hand, it'll cost the treasury a fortune if he keeps it.//

Indeed. Assuming that, should the triple lock be abandoned, pensions will increase in line with average earnings, it would have cost about £8bn to maintain it. This outrageous sum is four times the current annual hotel bill for accommodating migrants in hotels, so there's some perspective to it. To put it further into perspective, most State pension recipients will have seen compulsory reductions made from their pay throughout their working lives to fund it. The migrants on the other hand.....

[gulliver1]

Keep the pensioners poor . Meanwhile the present Con party have spent £17 million in the last couple of years to subsidise food and drink in the HOC and the HOL.

[Hopkirk]

I'll be working past my retirement age. By the sound of it they are going to make working pensioners pay NI soon as well. Drat.

[Gramps82]

14.10 Are Labour and other parties complaining about food and drink being subsidised in HOC and HOL or are they happy to be members of the club?