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fasteddie

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Posts posted by fasteddie

    Frozen pension policy turns British expat's dream into a nightmare

    in Thailand News

    Posted

    12 hours ago, MicroB said:

     

    In 1946, there was the first uplift, which wasn't paid out to pensioners outside of Great Britain. The National Insurance Act 1946  contained a general  disqualification for payment of benefits absent from Great Britain, together with power for regulations to remove the disqualification. Upratings, of which there were three between July 1948 and July 1955, were not payable to persons not resident in Great Britain. The formal policy was made in 1955. Subsequent regulations providing for pension increases have continued to have the same effect. Between 1948 and 1955, the UK entered into reciprocal agreements with France, Italy, Switzerland, the Netherlands and Luxembourg, which provided for payment of retirement pension in the countries concerned. Upratings were paid. Pensions were also payable, by a special arrangement, in  Ireland but were not uprated until 1966. Until 1973, recipricol arrangements were made with 30 countries to allow pension increases. This stopped in 1981. In July 1995, there was a parliamentary debate on the Pension Bill amendments for upratings to be paid, defeated by large majorities.

     

    https://hansard.parliament.uk/Commons/1995-05-04/debates/0f8a64d2-9e26-4fc8-813d-2504e909e8ae/Pensions(Expatriates)

     

    In theory, all UK pensioners could go home, and their pensions increased to the current rate.

     

    https://hansard.parliament.uk/Commons/1994-07-06/debates/6df169bc-8bd2-4d30-909b-312ad520b9d4/OverseasPensioners

     

    William Hague pointed out that todays NI contributions pays for today's pensioner, not your future pension. So arguments about paying into a system for future entitlement falls fat on its face. There isn't the money to pay for overseas pensioners, who mostly don't vote, who mostly don't pay taxes, to have their pension increased.

    Oh William Hague said so did he? Did he mention that many people die before ever receiving their pension, the pension that they and their employers paid for all their working lives? Where do those pension contributions go then? William Hague indeed 😂

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    Worst Joke Ever 2024

    in Jokes - Puzzles and Riddles - Make My Day!

    Posted

    8 minutes ago, ravip said:
    Quote of the Day
    The late Dr. Adrian Rogers (1931-2005) offered the following observation several years ago and it bears poignant significance today:
    You cannot legislate the poor into freedom by legislating the rich out of freedom. What one person receives without working for, another person must work for without receiving. The government cannot give to anybody anything the government does not first take from somebody else. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend is about the end of any nation. You cannot multiply the wealth by dividing it.
    Adrian Rogers

    Err you do know this is a joke page?

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