2005 Election Pensions






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Labour Labour are investigating a pension scheme where a pension would be based on residency rather than contributions to National Insurance. This potential system, claim Labour, would benefit women who have not worked consistently because of family commitments. Labour would boost confidence in occupational pension schemes through a pensions protection fund and they would help those whose pension funds have collapsed.
Conservatives The state pension would be increased in line with earnings instead of inflation. After four years, a single pensioner would be getting £7 a week more and a couple £11 a week more. Free TV licences would stay as would the winter weather payments. Unused money in bank accounts would be used to compensate people whose corporate pension scheme has folded.
Liberal Democrats Anyone over 75 would get a pension boost of £75 a month which would be funded from savings on waste. A pensions boost would take one million people out of means testing. Pensioners would be offered the prospect of lower bills when the Council Tax is replaced with a new local income tax.

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