The New State Pension System
It seems that under new rules to be introduced in a few years time in order to receive the state pension then I must have worked for a minimum of 35 years rather than 30. As someone who joined up after University at age 21, and compulsarily retired from the RAF at age 55, then it appears that I am just over a year short. As someone who is currently in a voluntary job, and therefore not receiving payment other than my forces pension and not paying NI contributions, am I going to lose out on £144 a week when I reach age 66? (minus tax of course).
I am sure that this will affect many of us here. Am I correct in my assumptions? At a time when we are being asked by the Government to volunteer to help out in this time of fiscal poverty, am I being penalised for doing my good works?
I am aware that the retirement age for the forces will probably rise to age 60 - however, will those of us caught between rule changes miss out on our pension that we contributed towards for nearly 34 years?
I hope that I am wrong.
Last edited by Wensleydale; 14th Jan 2013 at 19:12.