CHAOSTOCOSMOS

Tuesday, 15 January 2013

Simplicity of state pensions is not the issue: it’s how much and when that matters

Britain already has one of the poorest State pensions in Europe, and the government’s latest proposal will actually lower the proportion of GDP spent on pension-age benefits from 8.5% in 2060 under the current system to just 8.1%.

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Pamela is a former accountant, recovering journalist and international cat herder, disabled and chronically sick with Myalgic Encephalomyelitis, Fibromyalgia and Cervical spondylosis, fluent in three languages; English, Spanish and Rubbish. Mostly writes in the latter. She likes Genealogy, Model Railways and Cats.

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