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Proceeding contribution from Richard Graham (Conservative) in the House of Commons on Tuesday, 18 October 2011. It occurred during Debate on bill on Pensions Bill [Lords] (Programme) (No. 2).


Pensions Bill [Lords] (Programme) (No. 2)

I do not believe that that analogy is relevant. As I pointed out earlier to the right hon. Member for Croydon North, any analogy that stretches to compare today's announcements with those in the original pensions legislation in 1911 is inaccurate, because it leaves aside the critical factor that life expectancy back then was hugely different from what it is now. In fact, the vast majority of people then did not live long enough to collect their pension, whereas today people will be living for 40, or possibly 50, years beyond their pension age—[Interruption.] The hon. Member for West Ham (Lyn Brown) is chuntering away, but the reality is that there are people in the public service who are drawing their pension in their 40s or early 50s, and it is not inconceivable that they will live for another 40 years.


Secondary information

Type
Proceeding contribution
Reference
533 c802 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Age Contributions Advisory services Women Finance Fees and charges Employees' contributions Financial services Index linking Workplace pensions Pensions State retirement pensions
Legislation
Pensions Bill (HL) 2010-12
Link
View this Proceeding contribution on www.publications.parliament.uk