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New flat-rate state pension plans unveiled – plans as expected, still 2 options

Plans for a new flat-rate state pension and a system to automatically raise the pension age have been formally published.

http://www.bbc.co.uk/news/business-12954888

Debbie Story comments – No new surprises in the plans.  2 options still to decide between.  Option 1 -a new £140 flat rate, with inflation expected to push this up to £155 by 2015 or 2016.  Option 2 – a set amount of state second pension paid for each qualifying year of National Insurance contributions.

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