“A decent state pension for all”

The Pensions Sector Advisory Committee says that the new Federal Government will need to work on providing a decent basic pension for all. An increase in the minimum state pension is one of the proposals put forward by the Committee.

The Committee believes that too much emphasis has been placed on private and employer pension schemes in recent years.

However, those on low incomes often have no company pension scheme and also have no spare cash to invest in a private pension.

Theo Bousmans of the Pensions Sector Advisory Committee told the VRT that “People on high incomes often receive a higher than average state pension.”

“These people are also in a position to save for their retirement in a private pension fund.”

The Pensions’ Sector Advisory Committee was set up in 1994.

The Committee aims to maintain an ongoing dialogue about pensions between pensioners and the authorities.