Monday, July 25, 2005

Retirement

"Britons should have to work until they are 67 before they receive a state pension, a new report has suggested.
The higher age for payments should be introduced between 2020 and 2030, according to the Institute of Public Policy Research report."

Why don't we just not bother retiring and continue to work until we drop dead? At least that way we don't have to save for a pension (which will be worth fuck all by retirement age anyway) and we can reduce our National Insurance contributions.

Wait, I've just realised...

Scrooge McBrown would have to find a new way of removing our money from us.

He's already taxed the pension funds (the only effect of which has been to obliterate any chance of having sufficient fund to retire) and incorporated the NI contribution into the general Treasury coffers (rather than keeping it separate to pay for the NHS and other people's pensions).

Maybe this is their plan:

Use the lure of retirement as a giant carrot to keep us paying into the scroungers slush fund (or Welfare State to use it's official name) but never allow the hard working masses to ever retrieve anything from it.

On a slightly related topic, I wonder how much more you get on benefits as opposed to living off the state pension? And what the fuck have the have these people got to retire from?

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