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 moments of the past do not remain still; they retain in our memory the motion which drew them towards the future, towards a future which has itself become the past, and draw us on in their train.”
—Marcel Proust (1871–1922)
“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)