PENSION FACT SHEET 2
Issued on behalf of British Age Pensioner
Alliance, these Fact Sheets support the 20 year
story of the fight for
PARITY by 540,500 UK State Pensioners. Why should they be deprived of
annual indexation of their pensions because they live in certain countries
while another 565,000,living in other countries, are not ?
Where is the logic ?
Fact: About 1.1 Million British Age Pensioners have chosen to spend their retirement
years overseas. In doing so they save the British Economy over 7 BILLION
POUNDS A YEAR because they no longer call upon the National Health Service.
They pay for their own medical needs in whichever country they choose to
live – or have their costs met by the Health Service of their retirement
country, if it is available to them.
Fact: About 565,000 British overseas State Pensioners have their pensions indexed
every year, in the same way as they are in Britain – what’s more many also
receive the Christmas bonuses handed out in Britain, and even the winter
fuel allowance and a number of other pensioner support payments.
Fact: The other 535,000 British pensioners living overseas have their pensions
frozen because they have chosen to move to Commonwealth countries where
Britain considers them second rate citizens, not worthy of their full
pensions. That BILLON POUND BONUS alone in the exchequer would be more than
ample to grant pension parity to all British pensioners. Where is the logic
Fact: In addition, during the years while the pension freezing policy has been in
force a balance has been accumulating in the National Insurance Fund. This
past year alone the balance has increased by over £9,000,000,000 (Yes Nine
Billion Pounds). The total balance currently exceeds £45,000,000,000.
Solution: Granting Parity to all British pensioners world wide would
solve the problem and provide benefit to the UK economy.