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You know the Tory government is saying it has to raise the pension age – for everyone – to 67 because it can’t afford to pay everybody under the original conditions?

I have a doubt about that.

You see, the current basic pension rate is around £130 per week (although the maximum is £168.60)

And in January this year, the National Insurance Fund that is supposed to pay for it was in surplus by £24,221,220,000 (see the image above).

Admittedly, considering the number of pensioners in the UK (12 million), it would take only 16 weeks to spend that enormous amount.

But it’s being topped up constantly, it makes money from investments – and the pension-age population is falling because of Tory policies.

That’s why this fund is increasing steadily; on March 31 it stood at £29.5 billion.

And, of course, it would increase much more rapidly if working people were paid properly for the work they do.

Do you get the feeling someone is lying to you?

AFTERWORD: This article has provoked a considerable amount of criticism on Twitter, from some people who claimed to be pensions experts but turned out to be nothing of the sort, and from a few who actually turned out to have something to say.

It is a complicated issue, of course.

But nothing I’ve read has shown the problems are insurmountable by any method other than cutting back the number of people eligible to receive pensions – especially in a nation where wages are being depressed below subsistence levels for working people, while the super-rich are enjoying huge tax breaks (and Boris Johnson is said to want to extend that to cuts in their NI liability too). There are other possibilities, also.

My ultimate feeling, after smiling through the insults and ignorance of many (and the attempts to inform of a few) is still that someone is lying – about the facts of the situation and about what can be done.

I’d like a few opinions from people who don’t claim to be experts on this topic. Do you think that the authorities have been honest about this?

Have YOU donated to my crowdfunding appeal, raising funds to fight false libel claims by TV celebrities who should know better? These court cases cost a lot of money so every penny will help ensure that wealth doesn’t beat justice.


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