State Pension Age: Women

Part of the debate – in the House of Commons at 4:55 pm on 30th November 2016.

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James Cartlidge Conservative, South Suffolk 4:55 pm, 30th November 2016

May I add to that? Others have tried to alight on this fund as a source of expenditure, but the then Financial Secretary Ruth Kelly said in 2003:

“The national insurance fund provides security for those contributory benefits. It is ring-fenced and cannot be used for other Government expenditure.”—[Official Report, 21 October 2003;
Vol. 411, c. 231WH.]

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(Citation: HC Deb, 30 November 2016, c1598)

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Andy Robertson-Fox
Posted on 3 Dec 2016 9:56 am (Report this annotation)

Indeed - but the frozen pensioners are still denied their rightful index linking from this ring fenced NI Fund.

Of course, with the surplus in the Fund deposited with the DMO and available for the government to borrow, the fog begins to rise!