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MyCompanyPension.co.uk - Helping members of occupational pension schemes to better understand their benefits.
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:: Blog | May 2009 (9 blogs) | Making pension promises
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Until today I’d never heard of Mrs Gertrude Janeway, but having read the following article, she was clearly a striking example of how well-intentioned gestures can lead to promises that can’t be kept. In her case, it was a war widow’s pension, but the article looks not only at the pensions crisis we face but also discusses the recommendation contained in research released by the National Institute for Economic and Social Research (NIESR) this week.
The Telegraph’s correspondent surmises the research with, ‘The debt being racked up by the Government during this crisis is so gigantic that it must consider raising the official retirement age to 70 in little under a decade, increasing taxes by 15 per cent or cutting spending by 10 per cent. Ideally, the institute added, it should do a bit of everything.’
Very thought-provoking. I bet you can’t correctly guess from which war Gertrude’s widow’s pension entitlement came, though! See:
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Mike Jones, MyCompanyPension.co.uk Ltd, May 7th 2009
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