How low can you go? The Brits seem to be playing at a social game of Limbo.
Tony Blair wants to remove any protections for ‘cost-of-living’ increases on pensions. He wants it replaced by a “lifespan fund” of some sort.
Here is how I see COLA, in America. I worked 48 years; 44 on the books. I started working at 14. I have been paying into Social Security for 44 years. The reason why the COLA increases work is because they resemble interest on my money you have been holding, for 44 years. Are financial institutions not required to pay interest in the United Kingdom?
Tony Blair wants to send people on their way broke and putrified, and without dignity. The picture above is incomplete without horns.
https://www.express.co.uk/news/politics/2200417/tony-blair-blasted-betraying-pensioners
Apparently the United Kingdom have outsourced their pension program. There are pensioners in the United Kingdom not receiving a check (preposterous).
Somebody needs to check Capita’s direct political connections. The capitalists are deeper embedded into the United Kingdom – than the United States. How is the outsourcing going anyway? Did it provide the anticipated margins to improve the overall economic health of the country?
SSA – Social Security Administration in the USA rocks! No doubt there is fraud, but it works – and continues to be self sufficient. Another well designed attribute of the US federal government. Medicare needs work.
Hopefully it is just an admin problem in the UK. The additional resources to be allocated to the police should be moved here. People are left without an income.