This petition was submitted during the 2015 to 2017 Parliament
Closed petition State Pension Payable Immediately On Completion Of 40 Years N.I. Contributions
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Recent State Pension changes means many people will contribute around 50 years N.I contributions before they will receive a State Pension, despite the Government themselves saying 35 years is the amount of contributions needed to create it in the first place. Pay the pension at 40 years maximum.
If your employer say they will pay you £10 per hour for a fifty hour week, then you only receive £350, you'd feel a little more than a little miffed - but that's exactly the "deal" we are being sold by the Government with increased retirement ages. By their own admission, you need to pay N.I. contributions for 35 years to get a full State Pension. So why are we expected to work longer? Any individual completing 40 years contributions should have their pension payable from that point.
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This petition will stay open until 24 April 2017.