TUC condemns IOD push for raising of state pension to 70

Brendan Barber TUC General Secretary has condemned proposals by bosses organisation IOD for the state pension age to be raised by five years to 70.

'The better off you are, the longer you live and the more years you get to claim a state pension. A big rise in the state pension age would mean the less well-off lose a much bigger proportion of their pension than longer-living affluent pensioners, who are much less dependent on the state pension in any case.'
http://www.tuc.org.uk/pensions/tuc-17117-f0.cfm

The Gradgrind like fat cats outfit claimed that "startling increases in longevity in recent decades also mean that it is unrealistic to expect to be able to fund a potential 25 to 30 year retirement from an effective 30 to 35 year working life,"
http://news.bbc.co.uk/1/hi/business/8314621.stm