February 2007

Pensions Bill

More people than ever would be entitled to a full basic state pension as a result of measures included in the new Pensions Bill, which had its second reading in the middle of January.

Secretary of State for Work and Pensions, John Hutton, said ‘This Bill would create a more generous, fairer state system. It would be of particular benefit to women and carers, who often lose out in the current system.’

According to the Department for Work and Pensions, the reforms included in the Bill should mean that around three quarters of women would be entitled to a full basic state pension in 2010, compared to around 50% if the system was not reformed. By 2020 around 90% of women would have a full entitlement.

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Press Release