@JohnsonBos29095@greenprogressve@David__Osland Lower growth than projections isn't a pay cut. The original purpose of the state pension is safety-net purchasing power, not guaranteeing outsized returns above worker wage growth. The current system pushed pension growth ahead of average wage growth & inflation for over 10 years
@JohnsonBos29095@greenprogressve@David__Osland The state pension will still be set to rise alongside the rate of inflation. There is not cut or reduction, it just won't grow as fast as it has done over the last decade. In which it has outpaced wages, which is obviously untenable
@BladeoftheS The top countries on this list have much higher rates of income tax and social contribution, plus higher economic growth (not to mention Norway has a nationalised oil industry)
@robjeffecology Good thing it's neither a freeze or a cut. The state pension is still set to grow year on year, just maybe not as much as it has done before. It's untenable to have the state pension grow more than wages. Who do you think pays for it?