5 June 2008
Barrett calls for immediate restoration of earnings link to pensions
John Barrett, Liberal Democrat MP for Edinburgh West, has called on the Government to immediately restore the link between earnings and pensions to help combat pensioner poverty.
Speaking during a debate in Westminster, the Edinburgh West MP criticised Labour for failing to restore the earnings link that was previously broken by the last Conservative administration. The Government has pledged to restore the earnings link although there has yet to be any date set for this.
John Barrett said:
“Our Pensions system is in desperate need of reform. With the rising cost of living it is even more important than before that we restore the earnings link to pension immediately so that Pensioners get a fairer deal in retirement.
“The complex means testing of the pensions credit has meant that too often help has not reached those who need it most.
“The Government must join the growing consensus that the only long term solution is a universal state pension, which is fairer to women, uprated in line with earnings and set at a level which encourages saving by putting an end to means-testing."