The Telegraph has a point here, our pension system as it stands is completely unsustainable, as are many other pension schemes around the world.
For the UK, when state pension started, there were 10 workers to every pensioner, now there are 4, and that number is going to get worse.
However, the Telegraph would also be the first to get their knives out if someone were to float the idea of pensions reform.
E: The Telegraph wants to gut public sector private pensions, but keep the “triple-lock” state pension (i.e. state pension always goes up by inflation, average yearly wage increase, or 2.5%, whichever is highest) as it is. Nevermind where I said they have a point. They’re being crazy as usual.
They are completely lying about the situation in France. They are talking about the propaganda of the previous government (Attal, under directions of Macron), but it’s all lies debunked by the president of the institue in charge of controlling and evaluating pensions budgets.
They act like the only two options out there are increasing the pension age or reducing benefits. That is all I saw in the article. The easiest option would be to increase income to the pension fund by increasing wealth taxes and ensuing that large organizations are contributing appropriate amounts.
The Telegraph has a point here, our pension system as it stands is completely unsustainable, as are many other pension schemes around the world.
For the UK, when state pension started, there were 10 workers to every pensioner, now there are 4, and that number is going to get worse.
However, the Telegraph would also be the first to get their knives out if someone were to float the idea of pensions reform.
E: The Telegraph wants to gut public sector private pensions, but keep the “triple-lock” state pension (i.e. state pension always goes up by inflation, average yearly wage increase, or 2.5%, whichever is highest) as it is. Nevermind where I said they have a point. They’re being crazy as usual.
They are completely lying about the situation in France. They are talking about the propaganda of the previous government (Attal, under directions of Macron), but it’s all lies debunked by the president of the institue in charge of controlling and evaluating pensions budgets.
They act like the only two options out there are increasing the pension age or reducing benefits. That is all I saw in the article. The easiest option would be to increase income to the pension fund by increasing wealth taxes and ensuing that large organizations are contributing appropriate amounts.