Quote:
Originally Posted by GiRTh
They should have sorted out their pension ages ago well before they retired. They cant expect the state to subsidise them until they die. What if they live to over 100?
Not my views but the counter arguments to keeping the state pension.
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I agree the current State pension is fast becoming an anachronism in todays financial landscape. Most people have company or private pensions and use the state pension as a top up. But for the less fortunate who do live entirely on a state pension that pension must keep pace with the cost of living and inflation.
I would like to see the whole subject of Pensions in this country modernised as it is way too complicated at present. Everybody from the minimum adult working age (18) should be required to set up some form of pension provision which they keep all their working life. The amount they receive should be closely tied to the amount they (and their employers) contribute.