Britain pays retirees the worst state pension in the developed world with a basic payout of £122.30 a week



Britain pays retirees the worst state pension of any country in the developed world, analysis has found.
The basic payout of £122.30 a week is the least generous in the West – worth just 29 per cent of average earnings – and last night former pensions minister Ros Altmann warned the situation could get even worse.
Government projections suggest that for those now under 30 the age when they can claim a state pension will have to be raised to 70, while future payments could be cut even further to avoid needing massive hikes in national insurance, Baroness Altmann said.
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12 February 2018 in Business, Views: 55
Source: Daily Mail
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