The UK provides the worst State Pension in the developed world, which is insufficient for life’s essentials'
A new online petition is calling on the UK Government to set a minimum level of weekly State Pension payments of £200 for every retiree, 'irrespective of gender, marital status or National Insurance Contributions' record. The petition suggests that this would remove any anomalies in the current pension system, including the growing discrepancy between the old and new State Pensions.
Mr Reed wrote on the petitions-parliament website: “The UK provides the worst State Pension in the developed world, which is insufficient for life’s essentials, particularly with surging energy and food prices.” A similar petition created in April called on the UK Government to increase State Pension payments to £19,760 per year, the equivalent to £380 each week which would bring it into line with current National Living Wage rates, is approaching a significant milestone.
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