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Liberal Democrat pension action benefits elderly by £15,000

October 2, 2010 9:00 AM
Robin Lawrence tells conference about the way the minimum wage affect youn people

Councillor Robin Lawrence

Liberal Democrat policy to restore the link between the state pension and the rise in earnings has been adopted by the new Coalition Government. The move will benefit pensioners as earnings tend to go up more than inflation. It is estimated that someone retiring now will on average be £15,000 better off during their retirement.

"Labour promised to restore the link but failed to do so in their 13 years in office," said Liberal Democrat Councillor Robin Lawrence. "For Liberal Democrats, restoring the link was a key demand when the Coalition was formed. It is now a major Government policy.

"I know many pensioners have not forgiven Labour for the miserly 75p pension rise they gave to senior citizens. Thanks to the Liberal Democrats, that will never happen again. Pensioners will be entitled instead to a decent pension rise." added Robin.