Raising the age of retirement is just one of the couple of ways you can reach actuarial equilibrium. The other two are lowering the retirement benefits, or raising the contributions, by the participants or by the sponsor. Everyone of those methods os as useful as the others, but the last one requires taxing, this is why you never listen to politicians talking about how thats an alternative. Tax the rich as they should be, and this is a solved problem.
National insurance is supposed to be for our state pension but it’s only paid on earned income. I have no idea but I wonder how much it would raise if it was paid on all income?
Raising the age of retirement is just one of the couple of ways you can reach actuarial equilibrium. The other two are lowering the retirement benefits, or raising the contributions, by the participants or by the sponsor. Everyone of those methods os as useful as the others, but the last one requires taxing, this is why you never listen to politicians talking about how thats an alternative. Tax the rich as they should be, and this is a solved problem.
National insurance is supposed to be for our state pension but it’s only paid on earned income. I have no idea but I wonder how much it would raise if it was paid on all income?