The Pension photograph

The Pension

Use attributes for filter !
Initial release June 15, 2018
Directors Ryu Jang-Ha
Yang Jong-Hyun
Yoon Changmo
Date of Reg.
Date of Upd.
ID2234719
Send edit request

About The Pension


Disability benefits cost could rocket, report says

Disability benefits cost could rocket, report says
Sep 18,2023 6:01 am

... The research from LCP, a firm of business consultants which specialises in The Pension and health sectors, forecasts the total number of pensioners claiming PIP will rise from about one million today to 1...

What's next for Wilko and its 12,500 workers?

What's next for Wilko and its 12,500 workers?
Aug 11,2023 1:21 pm

... A PPF spokesperson said: " We understand this must be a worrying time for The Pension scheme members and we d like to assure those members that we re here to protect them if needed...

Kirklees police chief condemns jokes about 'baby-faced' recruits

Kirklees police chief condemns jokes about 'baby-faced' recruits
Aug 3,2023 12:01 am

... One respondent said they looked like " toddlers" while another wrote: " Has The Pension got so bad that they have to start at 12? " Defending the officers, who she named only as Alfie and Noah, Supt Brear said both had shown they have the skills to " make great cops"...

Tube strike: More London Underground staff to join walkout

Tube strike: More London Underground staff to join walkout
Jul 13,2023 6:40 am

... As part of the dispute, Unite has called for a guarantee that there would be no increase in employee contributions to The Pension scheme, no decrease in employer contributions, and no reduction in pension fund benefits...

Sri Lanka: The fate of a protest that toppled a president

Sri Lanka: The fate of a protest that toppled a president
Jul 8,2023 10:30 pm

... But opposition leaders say this could have an impact on The Pension funds of Sri Lankan workers...

LGBT veterans want military ban report immediately

LGBT veterans want military ban report immediately
Jun 9,2023 7:10 am

... " Like many LGBT veterans who were dismissed, Ms Morgan is not eligible to withdraw The Pension she built up during her service and is now left on a low income...

Finance delays for divorcing teachers and NHS staff as pensions recalculated

Finance delays for divorcing teachers and NHS staff as pensions recalculated
May 19,2023 7:50 pm

... Louise Harris, 41, from Kesgrave in Ipswich, says the recalculation of The Pension " cash equivalent transfer value" - or CETV - means her children are currently stuck in an unsuitable home...

Brigitte Macron's great-nephew beaten in apparently politically motivated assault

Brigitte Macron's great-nephew beaten in apparently politically motivated assault
May 16,2023 12:40 pm

... Mr Macron has faced some of the biggest demonstrations in a generation over his reform to The Pension system, which is set to raise the retirement age from 62 to 64 later this year...

Disability benefits cost could rocket, report says

Apr 27,2023 2:40 am

The cost of some disability benefits could " soar" unless action is taken to improve the health of people about To Retire , research suggests.

The annual bill for pensioners claiming Personal Independence Payment (PIP) benefits could jump by 75% to £10. 5bn by 2033, say pension consultants LCP.

A rise would be driven by increases in heart disease, back pain, mental illness and other health problems.

Ministers say extra funding will better support those with long-term illness.

The Report authors say early interventions such as an expansion of the NHS Health Check programme, targeted Mental Health treatment and low-cost devices to monitor conditions such as type 2 diabetes, are needed to reduce The Future welfare bill.

" The prospect of large numbers of people going into retirement on long-term disability benefits is not in the interests of the individuals concerned or the taxpayer, " says Dr Jonathan Pearson-Stuttard, head of health analytics at LCP.

The Number of people in the UK not in work because of a long-term health problem has increased sharply since the pandemic and is continuing to rise each month, according to the

The data shows a jump in musculoskeletal disorders such as back pain and arthritis among older individuals, and a spike in Mental Health problems, particularly in those under 50 Years old.

What is PIP?

In total, 3. 3 million adults in Britain Now receive PIP to help with The Extra cost of living with a health condition or disability.

The Number has increased by about one million over the Last Decade and is forecast by The Department of Work and Pensions (DWP) to rise by another million over The Next three years.

PIP is designed as a working-age benefit and Most People cannot make a new claim after they reach The State pension Age Of 66 years old.

But those already receiving it at that point can continue to get the monthly support payments after they retire.

The research from LCP, a firm of business consultants which specialises in The Pension and health sectors, forecasts the total number of pensioners claiming PIP will rise from about one million today to 1. 6 million by 2033.

On average, those individuals are likely to draw the benefit for another 11 years at a total cost of about £70,000 per person over that time.

It says The Rise in those living with a long-term health problem Now - in their 50s and early 60s - risks a " soaring" welfare bill in The Future as that group reaches retirement age and continues to claim benefits.

Dr Pearson-Stuttard, The Report 's co-author, says more needs to be done to prevent a " disability benefit timebomb" from emerging.

" More targeted interventions, particularly focused on areas of greatest deprivation and highest health needs, could pay off many times over in terms of benefit savings and gains to the wider economy, " He Said .

" If just one less person needs to claim PIP through retirement the saving is likely to be around £70,000 and that money could be better spent keeping people well. "

Ministers say a new is designed to better prevent conditions, like cardiovascular disease and musculoskeletal disorders, responsible for the highest levels of ill health in England.

" We're also investing an extra £2bn to help more people with disabilities and health conditions into work and grow the economy, " said a government spokeswoman.

Related Topics

Source of news: bbc.com

Related Persons

Next Profile ❯