THE UK state pension should be means tested and wealthy retirees should LOSE their entitlement to it completely, a top economic body has demanded.
The Organisation for Economic Cooperation and Development believes “rich” Britons – millions of whom have paid into the system through National Insurance contributions for decades – should lose their pension entitlement entirely.
It said stopping state pensions for Britain’s richest 10 per cent of retirees would “free up resources” to pay more money, either to poorer pensioners or people on other benefits.
Mark Pearson from the OECD, said the UK, like many other countries, is under pressure from an ageing society: “Faced with these pressures, are you going to ask people of working age to pay more, or people to work longer before they can claim their pension?
“Another way to ensure an adequate pension is to think about whether the pension should only be paid…
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