Revealed: The £271 billion rape of the National Insurance Fund that deprived 50s women of their stat
The fact that 50s women were robbed of their pensions by raising the pension age is undeniable. But the biggest argument against putting this right has been the cost – a fact perpetually used by the present pensions minister, Guy Opperman, who quotes the £70 billion plus figure.
Recently I discovered that successive governments had taken a decision NOT to top up the fund as originally proposed by William Beveridge when the welfare state was set up in 1948.
What I did not know was how much money was lost. Now thanks to an extraordinary paper prepared for the National Pensioners Convention by a social security expert Tony Lynes,and still on the web, I now know. And it is staggering. You can read it here.
Read David Hencke's full article on Byline.com here
Also on David's Blog