RESTORATION OF THE PENSIONS AVERAGE EARNINGS LINK

Motion Text

That this House calls on the Government to bring forward proposals to restore the link between increases in the basic state pension and average earnings in the next Budget; believes that reform to the pension system is needed to allow it to serve as a foundation for retirement planning and for it to retain its value and enable people to plan for retirement with confidence; notes that to delay restoration of the earnings link subject to economic volatilities would result in an increase in the number of pensioners on means-tested benefits; and urges the Government to continue to demonstrate support for pensioners by bringing forward proposals to restore this link.