The National Association of Pension Funds (NAPF) has proposed a new £105 weekly Citizen's Pension (CP), that could be introduced by 2010.
Such a proposal the NAPF argues, would provide as many as eight million pensioners with a flat rate £105 payout per week, rising in line with earnings, who currently fall below this sum. The figure includes the 1.5 million pensioners currently entitled to Pension Credit, but not receiving it, as well as millions of women pensioners falling into a residency criteria for a CP, but who are not entitled to a full pension under the present system. According to a report issued out by the national body, a CP would be affordable today within current public expenditure on pensions. NAPF also s...
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