State benefit centenary 'no cause for celebration'

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Only one in two people believe the state pension will still be in existence when they retire, research by the Department for Work and Pensions (DWP) suggests.

The results of the DWP study, which also found 44% of people are certain the state benefit won’t be around, come as James Purnell, secretary of state for work and pensions, paid tribute to those that founded the benefit 100 years ago. Purnell says the Government “owes a debt of gratitude” to those who fought for the first state pension in 1908, adding “we have a responsibility to look after today's pensioners whilst also being custodians of the state pension for future generations”. He says the Government's commitment to restore the earnings link to the Basic State Pension means that, by ...

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