UK to raise the state pension to the OECD figure of 63% of average earnings.

Closed 3,567 signatures

What the petition asks

The OECD reports that the UK has the lowest state pension of any OECD country.
This is a disgrace.
I ask for a full parliamentary debate on the issue.
UK workers retire on about 29% of average earnings, the average OECD figure is 63%.
All developed EU countries pay their pensioners more.

A political consensus was reached by EU Nations at the Laeken Summit in 2001, that each member state, would attempt to attain a Basic Pension of 40% of average earnings by 2007 and then work towards 60%.
In 2017 the UK state pension was £7,440.
France £15,811.
Germany £26,366.
Spain £26,630.
By 2050 Germany and Spain plan devoting 16% of GDP to Basic State Pensions.
The UK looks likely to be still devoting only 4% of GDP.
UK politicians should not ignore such massive pension differences.

Timeline

19 Apr 2018	Petition opened for signatures
19 Oct 2018	Closed to new signatures

Key facts

Signatures 3,567

Status Closed

Opened 19 Apr 2018

Closed 19 Oct 2018

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