There's much a-weepin' and a-wailin' over at The Guardian over IDS' eminently sensible flat-rate £140 a week Citizen's Pension, I commented thusly:
Woo hoo! Seeing as he's offering £140 a week, no questions asked, rather than the hideously complicated means tested 'minimum income guarantee' (or 'Pensions Credit') that was under offer when Labour are in power and had a correspondingly lousy take up rate, I fail to see how this is worse?
Most of the following comments are quite sensible but there's always somebody prepared to apply The New Maths:
"RATHER THAN THE HIDEOUSLY COMPLICATED MEANS TESTED PENSION CREDIT", which you fail to add had lifted many dirt poor pensioners out of the poverty they had under the previous tory govt. The scrapping of the pension credit will leave the poorest pensioners poorer.
That comment would make sense if the Pensions Credit level were above £140 a week. It's not, it's £132.60 a week. Presumably under New Maths, £140 < £132 or something?
Tuesday, 8 March 2011
More Citizen's Pension Fun
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3 comments:
Agreed
Although strictly speaking it will be a "residents' pension", i.e. claimable by resident citizens of other EU countries.
All of which should put the cat among the pigeons once somebody realises...
AC, I realised that years ago and have been pointing out ever since that they key word is "Citizen's", which leads us to ask the obvious question "Citizen of where?".
Funniest thing I've read about pensions in ages:
http://blogs.marketwatch.com/fundmastery/2011/03/08/is-the-cia-pension-plan-broke/?mod=WSJBlog
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