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Rochdale Liberal Democrats

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A single, simple and decent pension

January 14, 2013 5:56 PM
Originally published by UK Liberal Democrats
This on top of the Liberal Democrat 'triple lock' for current pensioners which means that the full state pension, by April, will be £650 more than when Labour were in power. This means the basic state pension is now at its highest share of average earnings since 1992.
Liberal Democrat Pensions Minister Steve Webb said:
"The current state pension system is fiendishly complex, after seventy years of tinkering by successive governments, and Gordon Brown's strategy of means-testing has failed those pensioners it was designed to help most.

"We need a simple, single state pension, set above the basic means test, which enables everyone to work towards a decent income in retirement and encourages more peoples to save for their old age."
You can read more about the new single-tier pension on Lib Dem Voice here.