STATE PENSION

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plaques
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Re: STATE PENSION

Post by plaques »

From Gov.UK

Annual increases
The new State Pension increases each year by whichever is the highest:

earnings – the average percentage growth in wages (in Great Britain)
prices – the percentage growth in prices in the UK as measured by the Consumer Prices Index (CPI)
2.5%

As a side issue you will notice that the increase in the minimum wage is deferred to April 2022. This increase will not affect pensions until 2023. that's if they stick to the rules. By then inflation (CPI) will be about 5% so another tweak to the rules may be on the cards.
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Stanley
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Re: STATE PENSION

Post by Stanley »

One thing is certain Ken, they'll not let us have the lot if it gets back to a reasonable figure....
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Stanley
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Re: STATE PENSION

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See THIS BBC report on what the Public Accounts Committee says about the DWP's handling of the underpayment of pensions.
"A £1bn shortfall in state pension payments to tens of thousands of women has been branded "a shameful shambles" by a committee of MPs. A total of 134,000 pensioners missed out on their full entitlement owing to errors at the Department for Work and Pensions (DWP) dating back to 1985. Some of those failures risked being repeated during a correction programme, the Public Accounts Committee said".
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"Beware of certitude" (Jimmy Reid)
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PanBiker
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Re: STATE PENSION

Post by PanBiker »

Yes and that pre dates the shafting of thousands of women who were born in the early 50's. They all lost out to the tune of around £50,000 each. Judicial review has told them to make recompense in some way but nothing is happening.
Ian
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Stanley
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Re: STATE PENSION

Post by Stanley »

Too busy having working lunches with booze..... Johnson thinks they are common practice.
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"Beware of certitude" (Jimmy Reid)
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