Future Flat-rate Pensions
The Coalition Government has proposed that the earnings-related Second State pension be replaced by a flat-rate pension which is not based on earnings. A green paper was issued in April 2011.
It was also proposed that various rules regarding marriage, divorce and bereavement be phased out. This would mean that Category B pensions (see above) would be replaced by Category A pensions for everyone.
Read more about this topic: UK State Pension
Famous quotes containing the words future and/or pensions:
“The past is of no importance. The present is of no importance. It is with the future that we have to deal. For the past is what man should not have been. The present is what man ought not to be. The future is what artists are.
The facts: nothing matters but the facts: worship of the facts leads to everything, to happiness first of all and then to wealth.”
—Edmond De Goncourt (1822–1896)
“Many old people receive pensions for no other reason, it seems to me, but as a compensation for having lived a long time ago.”
—Henry David Thoreau (1817–1862)