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Tuesday 25 May 2010

Pension at age 66 for four million workers - Telegraph

Pension at age 66 for four million workers - Telegraph: "From 2012, the basic state pension will increase in line with earnings instead of inflation. Since earnings are usually higher, economists estimate it will cost the taxpayer an extra �2 billion a year.

To meet the cost, the state pension age will rise more quickly than had been planned. Under current arrangements, it is due to rise to 66 between 2024 and 2026.

But the Queen’s Speech confirmed that the coalition would review that timetable and could bring it forward"

Notice the rip off. For every year the pension age is raised, it steals 5,000 pounds from every pensioner to be.

The link with inflation and wages is also a rip off. The result of it breaking was to mean that you paid more and more for relatively less and less.

Shows what happens when you run a Ponzi scheme.

Lord Blagger

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