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BASIC PENSION POVERTY IN UK

An income of 60% of the median wage is considered the poverty line by E.U. and U.K.Government
The British Basic Pension is £87.30 pw which is 19% of National average wage (£458 pw)
British Basic Pension with Pension Credit is £119.05 pw which is 26% of National average wage (£458 pw)
Only 2.7million of the 11.8million pensioners claimed Pension Credit in 2005
41% of Pensioners have NO occupational pension to supplement the State Pension

EU SUMMIT AT LAEKEN 2001--PENSION OBJECTIVES –POLITICAL CONSENSUS ACHIEVED BY ALL MEMBER STATES INCLUDING THE UK .

At this summit a political consensus was achieved by all Member States on a set of objectives pertaining to the adequacy and sustainabity of pension systems i.e the Members should endeavour to attain a level of 40% of their median wages as their basic state pension by 2007 and thereafter work towards 60%.There was an endorsement for an initial set of common statistical indicators with which to consistently monitor progress towards the objectives across Member States.

An income of 60% of the national average wage is the baseline measure of poverty by the E.U. and the UK Government.

The British Basic Pension is £87.30pw which is 19% of the National average net wage

The British Basic Pension with Pension Credit is £119.05pw which is 26% of the National average net wage.(£458pw)

Only 2.7million of the 11.8million pensioners claimed Pension Credit in 2005

41% of Pensioners have NO occupational pension to supplement the State Pension

PENSION POVERTY IN THE UK WILL GET WORSE....AT THE YEAR 2050 UKs BASIC PENSION WILL BE 10% OF OUR NATIONAL AVERAGE WAGE BY THE YEAR 2050 GERMANY AND SPAIN WILL BE DEVOTING 16% OF THEIR GDP TO THEIR BASIC PENSION BUT UK WILL BE DEVOTING ONLY 4% OF OUR GDP TO OUR BASIC PENSION

Read Michael Portilos Article →click here ←BRITAIN FACES BECOMING A NATION OF IMPOVERISHED PENSIONERS

AN UNACCEPTABLE PROPORTION OF PENSIONERS ARE IMPOVERISHED..... WHAT CAN WE DO ABOUT THIS?

1)At any election, vote for the Party Candidate which offers the best deal for pensioners.
Remember pensioners are almost 40% of the electorate (by the year 2030 we will be over 50%) therefore are extremely powerful.
We can make or break any government at election time.

2)Make the Government aware of pensioners displeasure. E~mail your MP ,it is his job to protest to the government on your behalf.Template Letter to Your MP

3)Visit the Prime Ministers Website and sign the petition www.petitions.pm.gov.uk/pensionpoverty

4)Visit the Prime Ministers Website and choose from the many petitions relating to the Basic Pension Click Here

PLEASE PASS ON TO ALL YOUR FRIENDS LINKS TO THIS SITE AND TO THE PETITION TO THE PM