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Proceeding contribution from Malcolm Wicks (Labour) in the House of Commons on Monday, 20 June 2011. It occurred during Debate on bill on Pensions Bill (Lords).


Pensions Bill [Lords]

I am pleased that the Minister wants to intervene, but may I add another statistic? I have given him a lot of notice of this point, and a wonderful briefing paper has been presented, so I hope there might be some solutions. An additional pension penalty is paid by the poorest groups. Whereas the great majority survive to get the state pension, they then draw it for fewer years than people from the top social classes, because of earlier mortality. Life expectancy at 65 is 18.3 years for men from social class 1, which is professionals, but it is only 14.1 years for those from social class 5. That four-year difference is the same for women. A double pension whammy affects people from the poorest social classes, and that should at least raise a question in the Minister's mind about whether the general policy that he is pursuing—to be fair, it is the general policy that my party's Government were pursuing—is on the right track.


Secondary information

Type
Proceeding contribution
Reference
530 c81 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Age Contributions Capital rules Women Judges Personal savings Low incomes Workplace pensions Pensions State retirement pensions Reform Tax allowances Retirement Uprating
Legislation
Pensions Bill (HL) 2010-12
Link
View this Proceeding contribution on www.publications.parliament.uk