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Post by melikepie on Jul 20, 2012 22:06:47 GMT
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Post by Guest on Jul 21, 2012 21:50:08 GMT
while peoples' lifestyles play a large part, it is totally wrong of the government to tell people they are living longer,no one knows and for example to extend the retirement age is equally wrong as an excuse.
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Post by miff on Jul 22, 2012 8:52:23 GMT
There is plenty of room to argue about the details but it isn't totally wrong of a government to consider this problem since previous governments, pension funds and employers (and maybe voters) have left their heads stuck in the sands for so long.
Peoples' life expectancy is getting longer, therefore the number of years spent in retirement is longer if the pension age stays the same. Therefore either higher pension contributions are needed during working life to pay for the same level of pension; or raise the retirement age; or cut the level of pension. Or pension schemes go bust.
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Post by dave72 on Jul 22, 2012 18:47:41 GMT
I'm moving to Oxford circus, I will have plenty of years to enjoy my pension living there. On second thoughts though who would want to live in such a busy place, surely the stress would kill you off sooner?
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Post by Guest on Jul 22, 2012 20:34:21 GMT
the government will have to pay a minimum income,some people will never work or have worked very little throughout their lives' for a variety of reasons'. currently this is called pension credit. www.direct.gov.uk/en/Pensionsandretirementplanning/PensionCredit/DG_10018692which guarantees a certain amount.the 1960s baby boomers will be coming up to retirement,many of these will have left school around 1980 when the industrial decline started to bite hard which the country has never recovered from. |
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Post by miff on Jul 22, 2012 21:13:35 GMT
How will they fund it?
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Post by Guest on Jul 23, 2012 15:15:30 GMT
unfortunately they are just going to,this is why were seeing sustained attacks on the welfare state true or untrue.
government departments such as jobcentre in the 1980s were placing numbers on sickness benefits to keep rising figures unemployment down,at the time norman lamont described it as a price worth paying to keep inflation down.
today again the jobless young are continuing to grow this is where the term emerges "a generation on the scrap heap" welfare costs are always going to be high with the course followed.
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castlebar
Planners use hindsight, not foresight
Posts: 811
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Post by castlebar on Jul 23, 2012 17:08:10 GMT
I am awaiting an announcement from the Americans to tell us that they "got it wrong". The "weapons of mass destruction" were not in Iraq after all, but in SYRIA all the time. "Simple mistake to make, Sorry",
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