Great Britain: the government restores the link between the basic retirement pension and wages

Publication

12 May 2006 à 12h36

Updated on 26 March 2013 à 11h03

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1 minute

Publication: 12 May 2006 à 12h36, Updated on 26 March 2013 à 11h03

Reading time: 1 minute

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This landmark proposal of the Commission on retirement pensions (see our article n° 06332) was signed this Friday May 12 by Tony Blair and Gordon Brown. It will restore the link between the last wages and the calculation of public retirement pensions. (Réf. 06474)
Publication

12 May 2006 à 12h36

Updated on 26 March 2013 à 11h03

Reading time

1 minute

Publication: 12 May 2006 à 12h36, Updated on 26 March 2013 à 11h03

Reading time: 1 minute

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The British Prime Minister convinced his Minister of Finance, reluctant because of the cost, to restore the link between an employee’s last wages and the calculation of the legal retirement pension, removed by Margaret Thatcher in 1981. Currently, the amount of the retirement pension paid by the government ranges from 120 to 170 euros per week. This agreement will lead to more generous pensions as from 2012, by taking into account the final wages in the calculation of the allowance paid by...

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