Brains’ who thought up disastrous Universal Credit now want to delay our pensions
The state pension doesn’t even closely reflect healthy working life expectancy.”
Waiting longer for a pension would mean getting more money than the current maximum of £168.80 a week but the report does not say how much.
It adds: “Working longer means saving more in salary terms and contributing more towards one’s pension.”
The authors say pensions now make up four in every £10 of welfare spending and the cost has ballooned from £17billion 30 years ago to £ 92billion a year today.
By 2023 another £20billion will have been added to that bill as Britain’s population ages and the birth rate falls, meaning fewer people of current working age paying the pensions of the elderly.
One in three babies born today will live to be 100 compared with only 600 centenarians help. That means lighter tools, special 60 years ago. And the centre argues that equipment for heavy lifting and ear more 55 to 64-year-olds s working defenders. One in three building could boost the wealth h of workers is already aged over 50.
workera the whole nation by A Centre for Social Justice £182billion a year. source so said: “There is evi
The number in this s dence d employment deters age group in work has the t risk of illnesses such increased from fewer as dementia.” than six in ten a decade The report ago to more than seven recommends the in ten today. Government creates an
But the pension age is Age A Confident employer little different to what at it scheme sc to help businesses was 100 years ago, when hire older staff based on a average life expectancy y was 55 for existing system syst to encourage disabled men and 59 for women – meaning most workers. Staff would be given so-called never collected their hard-earned brass “mid-life MOTS” so flexible working, at 65. The report further criticises bosses workplace adjustments and training is who are reluctant to employ older provided for those who want it. workers and says that has led to one Mr Cook added: “The lack of support million people of pension age who wish for older workers is socially inexcusable to work but cannot. and economically short sighted.
Figures also show that half of all adults “By increasing the state pension age are out of work a year before they have we can help people stay in gainful and reached statutory pension age. life-enhancing employment.”
But the authors say that even manual workers can continue into old age given
Voice of the Sunday People: Page 14