11 May 2012
Stay-at-home mothers and carers may receive a full state pension
under a proposed overhaul of the country's retirement system.
At the moment, people who do not work for 30 years do not
qualify for the full basic state pension. Under the reforms,
mothers and carers will be treated as if they had worked throughout
their lives.
The measure will be applied to people who retire from 2015,
giving an average of £40 extra a week to people who took time
out of work. Currently, they receive a reduced entitlement for each
year out of employment. However, the overhaul may hit
wealthier workers, as the state second pension will be
scrapped.
The Government will publish the full details of the pension
reform in the coming weeks.
Read More
Read more about state pensions here.
