Thursday, December 01, 2005

Retirement Seems Further Away with Each Passing Day

I don’t know about anyone else but his post by Peter Black got me thinking about the exponential rise in proposed age of eligibility for the state pension this couple of weeks.

On the 22 November the Liberal Democrats unveiled their proposal to raise the age to 67 and provide the citizens pension. This was widely expected at the time to be the recommendation of the Taylor report.

On Wednesday we are told that the Government in light of the Turner report is considering raising the age to 68.

Then this morning I read that if state contributions are made smaller it could rise to 69.

The clarify what the report is actually saying, The Scotsman writes:

The age of entitlement to the state pension is likely to rise to 66 in 2020, then 67 in 2030 and finally 68 in 2050. If ministers decide the state's contributions should be smaller, Lord Turner said pensions could even be delayed until 69.

So it looks like I’ll be getting my entitlement at 67. Why did I leave the civil service where my contract guaranteed I would have to retire at 60 and be able to claim my contribution pension?

1 comment:

Daniel said...

It's a disaster. We must all fight this in the name of defending humane evolution and civilization of how society ought to be!


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