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State Pension - Question

Part of the debate – in the House of Lords at 11:15 am on 28th April 2016.

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Photo of Baroness Altmann Baroness Altmann The Minister of State, Department for Work and Pensions 11:15 am, 28th April 2016

The noble Lord has asked about five questions. However, I can certainly reassure the House that there is an absolute commitment to protect pensioner benefits up to 2020, and the basic state pension and the full new state pension, through the triple lock. As regards the expenditure on state pension, the reason that there are losers, if you like, in the long run—although I would not call them losers—is that we need to make the state pension system sustainable. That is exactly what the new state pension system will do. Indeed, with the introduction of the state pension, 75% of women and 70% of men will get more state pension. In the long term, the aim is for the auto-enrolment private pension to make up for the loss of earnings-linked state pensions.

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George Morley
Posted on 29 Apr 2016 10:38 pm (Report this annotation)

Quote : However, I can certainly reassure the House that there is an absolute commitment to protect pensioner benefits up to 2020, and the basic state pension and the full new state pension, through the triple lock.
Now if only that were true but as is the norm for Pension Ministers, the Frozen Pensioner is ignored and why ?
Because they are just a minority and can be forgotten it seems and they are far away but the pensioners do not forget
Just 4 % or 1 in 25 of ALL pensioners worldwide do NOT get their rightful pension because of section 20 of the Pension Act which introduces discrimination denying them of any indexation even though they qualify in every respect for an uprated pension by virtue of their contributions to the National Insurance Fund in the delf same way as every other state pensioner. This lack of equality and respect should be addressed as it is contrary to the standards expected by the electorate of those in parliament that are there to represent them.