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Economy

xchrom

(108,903 posts)

22. TUC: Pension changes will make millions worse off

Reply to Tansy_Gold (Original post)

Wed Aug 21, 2013, 08:44 AM

Aug 2013

http://www.bbc.co.uk/news/business-23770327

Millions of people currently entitled to the state second pension will be worse off as a result of the government's pension changes, the TUC has claimed.

The report says that anyone with a long working history is likely to lose out, by as much as £2,000 a year.

The second state pension will be abolished when the new single-tier pension begins in April 2016.

But the government said the changes will make most people better off.

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