Monday, March 01, 2010

Liberal Democrats will vote against decrease in pension payments for almost 9m pensioners

The Liberal Democrats will tomorrow vote in Parliament against the decision to freeze state pension top-up payments this April, which will leave almost nine million pensioners worse off.

Last December Ministers set out plans to freeze payments of the State Earnings Related Pension and the Second State Pension, effectively cutting state pension payments by £515million next year.

Commenting, Liberal Democrat Shadow Work and Pensions Secretary, Steve Webb said:

“Labour has betrayed pensioners by promising to increase their pensions when millions are actually set to receive a real-term cut this year.

“Freezing pension top-up payments will leave almost nine million older people worse off at a time when they are already struggling to make ends meet.

“Older people are already facing high fuel bills following this cold winter and rising inflation eroding their savings.

“The Liberal Democrats will vote against this latest example of the Government failing to give a fair deal to pensioners.”

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