A new online petition is urging the UK Government to abolish the Basic State Pension and transfer everyone currently receiving it to the New State Pension. Petition creator Michael Thompson also proposes increasing the New State Pension to a 'good percentage of average earnings'. The petition has garnered over 4,300 signatures and aims to reach 10,000 for a written response from the UK Government and 100,000 for consideration by the Petitions Committee in Parliament.
Thousands of people have signed a new online petition urging the UK Government to ‘abolish’ the Basic State Pension and move everyone currently on it to the New State Pension. Petition creator Michael Thompson also proposes increasing the New State Pension to a “good percentage of average earnings”.
However, it’s important to be aware that not all of the 4.1m people on the New State Pension receive the full amount as it is linked to National Insurance Contributions. More than 4,300 people have signed the e-petition, at 10,000 signatures, it would be entitled to a written response from the UK Government, most-likely the DWP. At 100,000 signatures, it would be considered by the Petitions Committee for debate in Parliament - you can view it online here.In December, Labour MP Jessica Toale, posed a similar question to the then Pensions Minister, Emma Reynolds.
“Under both systems, the amount people are entitled to varies according to their National Insurance record. It is not the case that everyone in the new system receives more than everyone in the pre 2016 system.” The DWP will issue letters to everyone of State Pension age in March telling them their new payment rates. This letter also encourages older people to check if they are eligible for Pension Credit. Find out more about this here.
PENSIONS UK GOVERNMENT STATE PENSION BASIC STATE PENSION NEW STATE PENSION
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