Multiple jobs but no state pensions accrual - some new analysis…
Readers of this blog are well aware that we’re planning major changes to the future structure of our state pensions system. One of our guiding principles for these reforms is fairness – in particular, achieving fairer outcomes for women. The reforms in our Pensions Bill will deliver a full basic state pension to over 90% of women reaching State Pension age from 2025 – compared to around 30% today.
Nevertheless, some people will still not accrue a full State Pension, even after our reforms, for a number of reasons - perhaps because for a part of their working life their earnings were below the ‘Lower Earnings Limit’. Over the past few months the Department’s analysts have been trying to find out a little more about these people.
Today we’re publishing a factsheet examining the number of people – in the main, women – who have more than one job but are not earning enough in any one of them to build entitlement to State Pension. Analysis in our 2005 report Women and Pension: the evidence suggested that fewer than 50,000 women were in this position at a point in time in 2003/04.
The analysis in this factsheet has used further statistical surveys to develop this work, identifying the number of women within this group whose total earnings exceed the threshold for accruing State Pension. We find only around 15,000 women, or around 0.1% of the current working age female population, are in this category. The factsheet sets out how we’ve arrived at this figure.
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This entry was posted on Wednesday, April 25th, 2007 at 5:41 PM by James Purnell and categorized in General posts.