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END UNFAIR EARLY PENSION BENEFITS, to reduce austerity cuts

Submitted on Tuesday 18th October 2011

Published on Tuesday 18th October 2011

Current status: Closed

Closed: Wednesday 18th April 2012

Signatures: 3

Tagged with

Council ~ council tax ~ Tax

Petition Action

END UNFAIR EARLY PENSION BENEFITS, to reduce austerity cuts

Additional Information

The Labour government brought in a system in which long-term unemployed are “retired” several years early (presumably to reduce the official unemployed total) but, as Pension payments are roughly double Jobseeker’s Allowance (please see figures at end), this system very unfairly & substantially rewards long-term unemployed at taxpayers’ expense.
THIS UNFAIR SYSTEM IS STILL USED & NEEDS TO BE STOPPED.
weekly figures, correct as at Oct. 2011:
Jobseeker’s Allowance = £67.50 [under-25s £53.45, couples £105.95],
State Pension = £102.15 [couples with only 1 lot of NI contribs. £163.35],
Pension Credit, Guarantee Credit tops up pensioners’ incomes to £137.35 [couples £209.70].
For retirees over 65 with savings &/or private pension/s,
Pension Credit, Savings Credit can top-up their income by up to £20.52 [couples £27.09] on top of private incomes of up to £188 [couples £277].
All figs. plus, if applicable, Housing Benefit [for rent or mortgage interest] & Council Tax Benefit


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