\n
\u201cThey have contributed to society all of their working lives and deserve to live their latter years in a little comfort.<\/p>\n
\u201cI believe we are one of the lowest pension payers in the western world and without adequate rises in pensions how are pensioners expected to pay their way.<\/p>\n
\u201cHe should remember that a great majority of 1950s women were not permitted to join private pension schemes so are totally reliant on the state pension that they contributed towards.\u201d<\/p>\n
Another person agreed that pensioners deserve to be rewarded for their work.<\/p>\n
DON’T MISS<\/strong><\/p>\n<\/div>\n\n
\n
NigelL said: \u201cThe pensioners were the ones paying taxes enabling the economy to grow and their pensions are their right after working for so many years and paying their taxes.<\/p>\n
\u201cThe youngsters have only paid their taxes for a short term in comparison so they are in no position to argue.<\/p>\n
\u201cPlus when they retire they will be expecting livable pensions – won’t they?\u201d<\/p>\n
A third person, 56PS, hit out at Mr O\u2019Neill for ignoring the fact that people in work have more flexibility to change their finances.<\/p>\n<\/div>\n<\/div>\n
\n
\n
They commented: \u201cVery much overlooking the fact that once you get to pension age, your income is pretty much fixed and the ability to otherwise cover escalating costs isn’t there.<\/p>\n
\u201cPeople in work have options – work more hours, change jobs, get a promotion, gain more skills.<\/p>\n
\u201cNot saying all of these are easy but they are more than an 80 year old has.\u201d<\/p>\n
The triple lock guarantees that the state pension will increase in line with either inflation, average earnings or by 2.5 percent.<\/p>\n<\/div>\n<\/div>\n
\n
Last year, the figure was set to rise by over eight percent, in line with surging average wages following the coronavirus pandemic.<\/p>\n
But ministers deemed this unfair, taking out the average earnings figure, leaving people with just a 3.1 percent increase.<\/p>\n
Another person, UKconcernedcitizen, said in response to Mr O\u2019Neill: \u201cLots of pensioners today have worked for 50 years or more to get where they are and they deserve to be treated better.<\/p>\n
\u201cThe pensioned today had to work.<\/p>\n
\u201cThey didn\u2019t have the luxury of the \u201clive for today\u201d society who want higher wages for shorter hours.\u201d<\/p>\n<\/div>\n[ad_2]\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"[ad_1] Former Goldman Sachs economist Jim O\u2019Neill, who served under Chancellor George Osborne, spoke out to criticise the triple lock policy. The triple lock is set to be reinstated next year, with the state pension set to rise by 10 percent, in line with the CPI inflation figure predicted for September. Last month, Mr O\u2019Neill …<\/p>\n","protected":false},"author":1,"featured_media":5030,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"_links":{"self":[{"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/posts\/5029"}],"collection":[{"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/comments?post=5029"}],"version-history":[{"count":0,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/posts\/5029\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/media\/5030"}],"wp:attachment":[{"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/media?parent=5029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/categories?post=5029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/tags?post=5029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}