Full-time mothers to get state pension
Posted: January 8th, 2013, 3:28 pm
http://www.scotsman.com/scotland-on-sun ... -1-2291440
STAY-at-home mothers are to receive a full state pension for the first time under a radical overhaul of the retirement system.
The changes will also entitle full-time carers to pension payments that could benefit them by £2,000 per year.
Under the current system only those who work for 30 years qualify for the full basic state pension. The reforms will mean that mothers and carers will be treated as though they have worked throughout their lives.
However, the change to the current system is also expected to hit wealthier workers as the state second pension will be scrapped.
The move, announced by Work and Pensions Secretary Iain Duncan Smith, will be applied retrospectively from 2015, giving an average of £40 extra a week to mothers who took time out of work to raise a family.
STAY-at-home mothers are to receive a full state pension for the first time under a radical overhaul of the retirement system.
The changes will also entitle full-time carers to pension payments that could benefit them by £2,000 per year.
Under the current system only those who work for 30 years qualify for the full basic state pension. The reforms will mean that mothers and carers will be treated as though they have worked throughout their lives.
However, the change to the current system is also expected to hit wealthier workers as the state second pension will be scrapped.
The move, announced by Work and Pensions Secretary Iain Duncan Smith, will be applied retrospectively from 2015, giving an average of £40 extra a week to mothers who took time out of work to raise a family.