why 68 for pensions?

Question

This is a wicked bit of legislation it will effect the poorer sections of our society the goverment employee and mps will retire on a pension at nearer 60 they can afford to wait for the old age one, but the worker that has not been able to, or his company has gone bust or the company pension fund has collapsed and so on will suffer, I thought labour was a for the worker balls it for the haves and sod the have nots, blair should be charged with treason

Answer 1

Well said, my friend

Answer 2

When the Old Age pension was 1st introduced and the age set at 65, the average life expectancy of a man was 67, we now live much longer the life expectancy of a man is now 72, so a Pensioner is drawing the pension more than 3 times as long as when it was first introduced. The money is just not there anymore, The Country's population is growing old, and it will be to much of a tax burden on those still working to carry on giving pensions to those of 65, 68 is just the start, it will go up to 70 within the next 20 years./

Answer 3

you are right. The simple maths is that with an ageing population and collapsing pension funds you need to pay into the state fund for longer to get a pension. What the govt. won't do is subsidise the state pension too expensive when you have wars to pay for or employers pay more NI contribution which they will say they can't afford to.
Bottom line is to retire at 65 on your own pension at a reasonable income you probably need £500,000 (todays money) in a reasonably safe fund to do it. So try paying £12,500 a year to a pension for 40 years only you can't because to 17.5% maximum contribution I believe

Answer 4

They are short of brass and if they get chucked on the dole
before sixty eight the money they get will be far less than the
pension.They also say the pensions will be index linked,this
was stopped by Thatcher,and will be implemented in 2010
a good thing but to late or some of us poor old sods

Answer 5

This is typical of that S H I T Blair,s New Labour and his Thieving Chancellor , Proof that they don,t give a Bloody Hoot for the British People , I f they Stopped wasting £Billions and Billions these draconian measures wouldn,t be necessary == New Labour -- Friend of the People --- "Let,s Rob E,m Blind"

Answer 6

why because some **** in the gov wants more money wonder how he will feel when he gets to 68 ... geese the thought of having to work till that age makes me ill ...are we never to have paid 50years of hard labour .....and will we ever reap the benefits..... don't think so can we opt out of national ins contributions and get private pension health care instead doomed if you do and doomed if you don't scenario

Answer 7

That is so true, a politician, is a politician for his or her own self gain, they don't give a sh*t about the poor hard working sod, who toils all his life, pay NI, all his life, tax, all his life, they say its because people are living longer, no my Friend, they want you to keep on working yourself to death, so that they don't have to pay a pension.

Answer 8

Who put the GREAT in Britain anyway...........it is so not!!!
You have totally nailed it on the head...the 'haves' and the 'have nots'
Us NORMAL people suffer because of the Government, I'd like to see Blair live on what we do. What a 'rip off' country Britain has become......compare it now to our Grandparents or Great Gandparents days. Who spoilt our country?

Answer 9

bah humbug

Answer 10

i no its terrible