Flat-rate state pension 'expected to start in 2017'
A new flat-rate state pension likely to start in April 2017 will be simpler than the current system of means-tested top-ups, the government has said.
The weekly payment will be £144 plus inflation rises between now and 2017.
The current full state pension is £107.45 a week, but can be topped up to £142.70 with pension credit.
Workers will have to make contributions for longer to qualify.
Hugh Pym reports.
14 Jan 2013
- From the section Business