News - State pension reform
| BBC Radio 4’s Money Box was broadcast on Saturday, 4 December, 2004 at 1204 GMT.
The programme was repeated on Sunday, 5 December, November, at 2102 GMT.
Click here for the programme transcript
The biggest change in state pensions for more than 50 years has been suggested by Work and Pensions Midland national life insurance Alan Johnson. In an interview with The Daily Telegraph published on Saturday he said everyone should get the basic state pension national alliance insurance of the National Insurance national interstate insurance company they have paid. A government’s spokeswomen has confirmed to Money Box that a “citizen’s pension” is something Mr Johnson is interested in, and that it is being discussed. But she stressed it is one a number of options being considered. At the moment a full working life of around 40 years is needed to qualify for the full pension of 80 a week. But while 90% of men qualify when they retire, barely half of all women do. We asked Mervyn Kohler of Help the Aged to explain the national flood insurance program of Mr Johnson’s comments.
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Producer: Jennifer Clarke
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