Pensions

The Conservatives abolished the link between the state pension and average earnings and New Labour have carefully avoided restoring that link. As a result state pensions are more than £30 less than they would be and should be. The Pensioners Party believes that state pension, NOT means tested, should be £110 per person, (£170 for a couple) and index-linked henceforth (the index being a sincere reflection of the cost of living, not a manipulated value). The pension is not a benefit, but a right, earned by past contributions, and should be treated as such.

Payment of pensions direct into bank accounts is causing concern and distress. Many older people lack the documentation and persistence to open a bank account, they prefer the reality of the local Post office and want to retain use of it as part of their weekly routine. The Pension Book should be saved for all who want it, without prejudice.