Partial Uprating For Frozen Pensions

EDM number 845 in 2014-15, proposed by Nick Harvey on 05/03/2015.
Categorised under the topic of Pensions.

That this House notes with concern the situation faced by 550,000 British pensioners living overseas, primarily in Commonwealth countries, who are currently deprived of annual state pension uprating adjustments by the Government's frozen pension policy; believes that there is a positive incremental solution of partial uprating, involving introducing annual uprating to all currently frozen pensions going forward, but from their current rate only; further notes that partial uprating would cost just £37 million and carry no legal risks of historic back payment claims; further notes that partial uprating would benefit all currently frozen pensioners immediately by ending the real terms year-on-year decline of their state pensions; further notes that partial uprating would remove the frozen pension problem completely for future retirees; further notes that this would remove a significant current barrier to pensioner emigration from the UK, offering significant consequential savings that would more than cover the upfront costs, even in year one; and calls on the Government to implement partial uprating as an affordable and practical means to offer dignity in retirement to all British pensioners, based on their historic contributions, not place of residence.

This motion has been signed by a total of 52 MPs.