State Pension Could Become Insolvent By 2036

[BigMon]

Have seen this starting to crop up more and more.

I'd reach state pension age in 2039 so that would be marvellous timing!

This is the a link to the Adam Smith Institute but there are others.

[JoshSm]

Wait until they hear about other public sector pension schemes - are they proposing to change the inflation calculation on those too? There are plenty that are unsustainable unfunded Ponzis with inadequate inflows.

Or it only the state pension where they think it's ripe for fiddling?

You either admit the wider problem or you're wasting your time.

[Evanivitch]

This isn't a surprise.

The triple lock is boomers squeezing the last pennies of entitlement they can from the state before pulling up the drawbridge. A generation of selfishness and entitlement have voted for this again and again.

[Terminator X]

Evanivitch said:

This isn't a surprise.

The triple lock is boomers squeezing the last pennies of entitlement they can from the state before pulling up the drawbridge. A generation of selfishness and entitlement have voted for this again and again.

On £12k year

TX.

[dingg]

Terminator X said:

On £12k year

TX.

Don't bite, he'll go fishing in a different pond :-)

[Glosphil]

Terminator X said:

Evanivitch said:

This isn't a surprise.

The triple lock is boomers squeezing the last pennies of entitlement they can from the state before pulling up the drawbridge. A generation of selfishness and entitlement have voted for this again and again.

On £12k year

TX.

Forget the triple lock & give me a decent basic state pension at the level of most of Europe which is considerable more than the UK when compared to average wage.

The triple lock is poorly named. It's not a triple lock, it's a highest of 3 lock.

[catso]

Terminator X said:

Evanivitch said:

This isn't a surprise.

The triple lock is boomers squeezing the last pennies of entitlement they can from the state before pulling up the drawbridge. A generation of selfishness and entitlement have voted for this again and again.

On £12k year

TX.

Indeed plus, the 'boomers' (most anyway) have paid for it through their taxation.

[Sport_Turismo_GTS]

catso said:

Indeed plus, the 'boomers' (most anyway) have paid for it through their taxation.

But they haven’t, that’s precisely the point.

[Evanivitch]

catso said:

Indeed plus, the 'boomers' (most anyway) have paid for it through their taxation.

Nope, they haven't. Proving the point of boomer ignorance.

[Evanivitch]

Terminator X said:

Evanivitch said:

This isn't a surprise.

The triple lock is boomers squeezing the last pennies of entitlement they can from the state before pulling up the drawbridge. A generation of selfishness and entitlement have voted for this again and again.

On £12k year

TX.

Yeah, £12k a year on top of what they should have been putting into their private pensions. There's no means testing, you could have a £50k annual private pension. And still getting £12k from today's tax payers. Why?

[XCP]

catso said:

Indeed plus, the 'boomers' (most anyway) have paid for it through their taxation.

And will be taxed on it.

[catso]

Sport_Turismo_GTS said:

catso said:

Indeed plus, the 'boomers' (most anyway) have paid for it through their taxation.

But they haven t, that s precisely the point.

I was always under the impression that NI funded (amongst other things) the state pension, have I been misled all these years?

[cheesejunkie]

My stock of tinned beans isn't getting any bigger. I don't feel the need.

Adam Smith Institute, what an impartial source.

State pension's affordable, some don't want to pay for it and will tell you many reasons why you should suffer.

fk them.

I won't be relying on a government pension but I will question every fker who suggests it's not affordable's intentions.

They're not doing it for my benefit. I'm years away from it, don't need it, but I will question those trying to do away with it.

[Terminator X]

Evanivitch said:

Terminator X said:

Evanivitch said:

This isn't a surprise.

The triple lock is boomers squeezing the last pennies of entitlement they can from the state before pulling up the drawbridge. A generation of selfishness and entitlement have voted for this again and again.

On £12k year

TX.

Yeah, £12k a year on top of what they should have been putting into their private pensions. There's no means testing, you could have a £50k annual private pension. And still getting £12k from today's tax payers. Why?

Imho pensioners should be left alone to enjoy their final years; the vast majority will have paid taxes for 50+ years of course. Look at this chart, even people paying in to a private pension are paying "small beer". £50k p/a private pensions must be very rare I'd say.



Also look at the poor sods working in Tesco's etc when clearly way beyond 65, you think they are doing that for the love of the job?! I assume they only get £12k so can barely get by.

TX.

[bad company]

Evanivitch said:

Yeah, £12k a year on top of what they should have been putting into their private pensions. There's no means testing, you could have a £50k annual private pension. And still getting £12k from today's tax payers. Why?

Because they paid for their state pensions through taxes while working.

I’m not saying the triple lock is sustainable or justified but the pensions have been paid for.

[Sport_Turismo_GTS]

catso said:

I was always under the impression that NI funded (amongst other things) the state pension, have I been misled all these years?

Yes.

[catso]

Sport_Turismo_GTS said:

catso said:

I was always under the impression that NI funded (amongst other things) the state pension, have I been misled all these years?

Yes.

Please explain.

[Sport_Turismo_GTS]

bad company said:

Because they paid for their state pensions through taxes while working.

I m not saying the triple lock is sustainable or justified but the pensions have been paid for.

But they haven’t, that’s the point, most people pay much less in NI than the cost of the pensions they receive.

[Sport_Turismo_GTS]

cheesejunkie said:

My stock of tinned beans isn't getting any bigger. I don't feel the need.

Adam Smith Institute, what an impartial source.

State pension's affordable, some don't want to pay for it and will tell you many reasons why you should suffer.

fk them.

I won't be relying on a government pension but I will question every fker who suggests it's not affordable's intentions.

They're not doing it for my benefit. I'm years away from it, don't need it, but I will question those trying to do away with it.

Please show your workings - the government is spending £100bn p.a. more than it is earning - what is your definition of ‘affordable’?

[Sport_Turismo_GTS]

catso said:

Please explain.

The amount paid is less than the value of the pensions received.