The Single Tier Pension
DOWNLOAD
Download The Single Tier Pension PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get The Single Tier Pension book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
The Single Tier Pension
DOWNLOAD
Author : Great Britain: Department for Work and Pensions
language : en
Publisher: The Stationery Office
Release Date : 2013-01-14
The Single Tier Pension written by Great Britain: Department for Work and Pensions and has been published by The Stationery Office this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-01-14 with Business & Economics categories.
This paper outlines the Government's detailed proposition for state pension reform. It follows a consultation on the proposals set out in "A state pension of the 21st century" (2011, Cm. 8053, ISBN 9780101805322). There was consensus that the state pension system needed to be simplified and the aim is to merge the state second pension with the basic state pension, to create one flat-rate payment. The new flat-rate state pension will start in April 2017 at the earliest. The weekly payment will be £144, plus inflation rises between now and 2017. Chapters in this paper cover: the context for reform; the single-tier pension; managing the end of contracting-out; the transition to the single-tier pension; sustainability and assumptions; longer-term sustainability - state pension age. Annexes provide: a brief history of the state pension; faster flat rating - assessment against principles for reform; features of the single-tier pension and specific transitional arrangements; an example pension statement; proposed timetable for implementing the increase in state pension age to 67.
The Single Tier State Pension
DOWNLOAD
Author : Great Britain: Parliament: House of Commons: Work and Pensions Committee
language : en
Publisher: The Stationery Office
Release Date : 2013-04-04
The Single Tier State Pension written by Great Britain: Parliament: House of Commons: Work and Pensions Committee and has been published by The Stationery Office this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-04-04 with Social Science categories.
This report welcomes the improvements in retirement income that the new Single-tier State Pension will bring. However, the key to the policy's successful implementation lies in the Government informing the public as soon as possible about how it will affect individuals. The Committee criticises the Government for hampering its scrutiny of the proposals. The Government not only imposed an extremely tight timetable, but brought forward the implementation date by a year, after the Committee had completed taking evidence. The Committee says that the Government must work with them to ensure the transition is as smooth as possible and that Defined Benefit pension schemes do not suffer as a result. The Government should also develop and publish a clear explanation of how means-tested support, including passported benefits, will operate under the Single-tier Pension, and the transitional protection that will be put in place. Many women born between 1952 and 1953 believed that they would suffer a double adverse effect on their State Pension income, arising from the increases in their State Pension Age combined with their ineligibility for the Single-tier Pension, if it was introduced in 2017 as set out in the White Paper. The Government should clarify the position. Some women did not build up their own NI record because they had an expectation that they would be able to rely on their husband's contributions to give them entitlement to a Basic State Pension. The Government should assess and publish the cost of allowing women in this position who are within 15 years of State Pension Age to retain this right
A State Pension For The 21st Century
DOWNLOAD
Author : Great Britain: Department for Work and Pensions
language : en
Publisher: The Stationery Office
Release Date : 2011-04-04
A State Pension For The 21st Century written by Great Britain: Department for Work and Pensions and has been published by The Stationery Office this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-04-04 with Social Science categories.
In this document the Government is looking at options for delivering a simpler and fairer state pension which rewards those who save for their retirement and is sustainable for future generations. The consultation is on two broad options for reform of the state pension, and the most appropriate mechanism for determining future changes to state pension age. The four guiding principles for pension reform are: personal responsibility; fairness; simplicity; affordability and sustainability. The options for reform of the state pension are: (1) faster flat rate or (2) a single tier pension. Currently the basic state pension is a flat-rate payment of £97.65 a week and the state second pension is partly flat rate and partly linked to earnings, such that higher earners receive a higher state pension. Option 1 would accelerate reforms so that the state second pension becomes fully flat rate by 2020 instead of the early 2030s. At the end of the transition those with a full contribution record - about 30 years - would receive the full pension, in two tiers, currently estimated at about £140 a week. Option 2 is a more radical approach, combining the two existing pensions into one single-tier pension. Future pensioners with at least 30 qualifying years would receive the same flat-rate pension currently estimated at £140 a week. This payment would be set above the basic level of support provided by Pension Credit. There are also two options for changing state pension age: through a formula linked to life expectancy; through a regular review.
Draft Pensions Bill
DOWNLOAD
Author : Great Britain: Department for Work and Pensions
language : en
Publisher: The Stationery Office
Release Date : 2013-01-18
Draft Pensions Bill written by Great Britain: Department for Work and Pensions and has been published by The Stationery Office this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-01-18 with Business & Economics categories.
This draft Pensions Bill contains provisions to introduce a single-tier pension which will for future pensioners replace the current two component State Pension (basic State Pension and additional State Pension) with a single component flat-rate pension that is set above the basic level of means tested support. Previously the Government set out details of its proposals in Cm. 8528 the single-tier pension: a simple foundation for saving (ISBN 9780101852821) and Cm. 8053 A state pension of the 21st century (ISBN 9780101805322). These reforms will also modernise the state pension system to reflect the lives and contributions of today's working age people whilst ensuring the system is sustainable for future generations. As life expectancy continues to rise the Government believes there is a need for a more structured framework within which to consider changes to the State Pension age in the future which this draft legislation includes. The draft Bill also includes measures to reform the current suite of Bereavement Benefits through the introduction of Bereavement Support Payment which will support people through the difficult early months in a more transparent way. The draft Bill contains a number of provisions relating to private pensions mostly to clarify existing legislation relating to automatic enrolment or the Pensions Regulator. There is a new provision to encourage individuals to transfer a cash equivalent value of their accrued rights from a Defined Benefit scheme to an alternative arrangement. There are explanatory notes included which provide an outline of the effect of each clause in the draft Bill and are intended to be read alongside the draft Bill.
A State Pension For The 21st Century Consultation Document
DOWNLOAD
Author : Great Britain: Department for Work and Pensions
language : en
Publisher: The Stationery Office
Release Date : 2011-07-27
A State Pension For The 21st Century Consultation Document written by Great Britain: Department for Work and Pensions and has been published by The Stationery Office this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-07-27 with Political Science categories.
The consultation documents published as Cm. 8053 (ISBN 9780101813129)
Security In Retirement
DOWNLOAD
Author : Great Britain: Department for Work and Pensions
language : en
Publisher: Stationery Office
Release Date : 2006-10-30
Security In Retirement written by Great Britain: Department for Work and Pensions and has been published by Stationery Office this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-10-30 with Business & Economics categories.
Demographic changes will mean that over the next 50 years there will be only two people in employment for every one person in retirement, compared with the current ratio of four to one. In May 2006, the Government published its White Paper ('Security in retirement: towards a new pensions system', Cm. 6841, ISBN 0101684126) containing proposals to reform the structure of the UK pensions system to ensure its long-term sustainability. (The proposed reforms are based on the recommendations of the Pensions Commission (1st report (ISBN 0117027804) published in October 2004, 2nd report (ISBN 0117036021) published in November 2005, and more information on the final report is available at http://www.pensionscommission.org.uk/publications/2006/final-report/index.asp). This publication sets out a summary of responses to the Pensions White Paper and outlines the Government's plans to take forward its package of reform measures.
Pension Reform
DOWNLOAD
Author : Great Britain: Parliament: House of Commons: Work and Pensions Committee
language : en
Publisher: The Stationery Office
Release Date : 2006-07-22
Pension Reform written by Great Britain: Parliament: House of Commons: Work and Pensions Committee and has been published by The Stationery Office this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-07-22 with Political Science categories.
Pension Reform : Fourth report of session 2005-06, Vol. 2: Oral and written Evidence
Social Security Programs And Retirement Around The World
DOWNLOAD
Author : Axel Börsch-Supan
language : en
Publisher: University of Chicago Press
Release Date : 2021-03-05
Social Security Programs And Retirement Around The World written by Axel Börsch-Supan and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-03-05 with Business & Economics categories.
This ninth phase of the International Social Security project, which studies the experiences of twelve developed countries, examines the effects of public pension reform on employment at older ages. In the past two decades, men’s labor force participation at older ages has increased, reversing a long-term pattern of decline; participation rates for older women have increased dramatically as well. While better health, more education, and changes in labor-supply behavior of married couples may have affected this trend, these factors alone cannot explain the magnitude of the employment increase or its large variation across countries. The studies in this volume explore how financial incentives to work at older ages have evolved as a result of public pension reforms since 1980 and how these changes have affected retirement behavior. Utilizing a common template to analyze the developments across countries, the findings suggest that social security reforms have strengthened the financial returns to working at older ages and that these enhanced financial incentives have contributed to the rise in late-life employment.
Governance And Best Practice In Workplace Pension Provision
DOWNLOAD
Author : Great Britain: Parliament: House of Commons: Work and Pensions Committee
language : en
Publisher: The Stationery Office
Release Date : 2013-02-12
Governance And Best Practice In Workplace Pension Provision written by Great Britain: Parliament: House of Commons: Work and Pensions Committee and has been published by The Stationery Office this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-02-12 with Political Science categories.
Why We Need A Citizen S Basic Income
DOWNLOAD
Author : Torry, Malcolm
language : en
Publisher: Policy Press
Release Date : 2018-05-09
Why We Need A Citizen S Basic Income written by Torry, Malcolm and has been published by Policy Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-05-09 with Political Science categories.
In the five years since Money for Everyone was published the idea of a Citizen’s Basic Income has rocketed in interest to an idea whose time has come. In moving the debate on from the desirability of a basic income this fully updated and revised edition now includes comprehensive discussions on feasibility and implementation. Using the consultation undertaken by the Institute of Chartered Accountants in England and Wales as a basis, Torry examines a number of implementation methods for Citizen’s Basic Income and considers the cost implications. Including real-life examples from the UK, and data from case studies and pilots in Alaska, Namibia, India, Iran and elsewhere, this is the essential research-based introduction to the Citizen’s Basic Income.