Pensioners demand payment of £380 a week and lowering of retirement age | Personal finance | Finance

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State pensions are often the foundation of retirement and many older people will depend on them. It is therefore not surprising that many pensioners hope to obtain the maximum possible amount from their state pension.

A new petition posted on Parliament’s website has raised this issue, calling for a radical change to the state pension system as it currently stands.

The petition urges the government to increase the basic state pension to £380 a week.

This would equate to a payment of £19,760 a week for basic state pensioners.

At present, the state’s basic full pension is £141.85 a week, although some may receive less depending on their National Insurance contributions.

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“Their health deteriorates long before they qualify for the state pension.”

The petition gained popularity on the Parliament’s website, with a lot of support.

At the time of writing, it had secured 55,170 signatures – well over the 10,000 needed for an official government response.

All Parliament petitions require 100,000 signatures to be considered and debated in Parliament.

Additionally, all petitions last for six months, and this one expires on December 6, 2022.

Signatories will now look forward to an update on the matter from the government.

A DWP spokesman told Express.co.uk: ‘This year we will spend over £110billion on state pension and the full annual basic state pension is now higher over £2,300 compared to 2010, with 400,000 fewer pensioners in absolute poverty. after housing costs in 2020/21 than in 2009/10.

“But we recognize the pressures pensioners face and all pensioner households will receive £300 to help cover rising energy costs this winter, with those on pension credit receiving an additional payment of £650. for the cost of living. This is on top of the £150 council tax rebate and £400 reduction on their energy bills. »

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