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:
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—Alexander Herzen (1812–1870)
“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)