Stop the government reducing state pension for people contracted out of SERPS.

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Petition Action

Stop the government reducing state pension for people contracted out of SERPS.

Petition Details

Revise the government decision to reduce the basic state pension amount if a person has 'contracted out' of SERPS at government advice. If a person has made the minimum required NI payments in their basic wage then they should get a full state pension PLUS any additional SERPS pension.

Additional Information

I will have worked for more than 50 years and paid enough NI to qualify for the full pension. After advice from the government I contracted out of the SERPS payments but still paid NI. Despite paying more into the basic system I now find my projected state pension will be reduced. Why is this so when I have paid more than someone who did only 35 years and never paid a penny into SERPS?

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