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New Manx Pension doomed to fail wihin 30 years

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Posted (edited)

The Manx State  Pension not sustainable due lower population,  people are not living longer and younger generation are leaving for a better life, employment  and this is outside the UK, and Europe.

The Manx pension supplement is going drop each year,  the 30 years or 35 years NI contributions as there two government web site say different to the Manx State Pension contributions.

The New system of 35 years, if you start at 16 you will 51 years when paid the max and there is no law to make you continue paying any more into it.  Those who left school from April 1969 to April 1972 have already lost the State Pension NI as destroy by earlier Act, but started work under the 1965 NI act which was amended in 1974. The State pension and those who were due a Manx State Pension at 65 are unduly subject to enforced waiting time due to Treasury Minister not removing from the reciprocal agreement the 2011 Act section 1 which is no longer workable as we are totally indepenant from UK. 

We are longer apart of UK State pension system and become an indepenant Manx State pensions system in 2018 and the UK 2016 Act adopted by Isle of Man needs readdressed for the Manx State pension system and not UK based but base for the Manx State Pension for Isle of Man. The rise to 67 years is no longer needed, there just hundreds pounds of your entitlement gone that you paid in during your working life while the Treasury Minister as not addressed this by deleting the recipacol agreement Act 2011 section 1 and adding a new one which does effect no one from receiving there State pension at 65 years.

The New Reciprocal Agreement 2018 now refers to the Manx State Pension Act 2014 and should include our own pension age change if any but there is none starting before Jan 1960, and the section 1 of 2011 is not included in the Manx State Pension Act 2014  which means all pension acts were all removed from the DHSS to allow for our own Manx State Pension Act 2014 which as some links with UK under Order 2016. Any Pension Age changes must be in Part 3 of the Manx State Pension Act 2014 so imposing the section 1 2011 Act Pension Age Changes must be illegal as even the UK say that any Pension Age Changes must be in the  Pensions 2014 Act.    

Links   http://www.tynwald.org.im/links/tls/SD/2018/2018-SD-0076.pdf             RA 2018    http://www.legislation.gov.uk/uksi/2018/1359/pdfs/uksi_20181359_en.pdf

Section 1 2011 Pension Age Change of NI Act and the Pension Acts from the DHSS were all dissolved to make Manx State Pension Act 2014 see New Reciprocal Agreement 2018

https://www.gov.im/media/1351199/state-pension-age-men.pdf  which is UK not Manx undermines the New  Manx State Pension 2014 Act which means we do not our own Manx State Pension System as it controlled by UK pension Law as Section 1 2011 pensions Act of the UK makes New Manx State pensions a mockery even if not our New Manx State Pension Act 2014 under part three where it should be and it is not the Manx Government hands are tired unless they omitted or dissolve it and make our with a month waiting for each month after 65 Birth date .   

See below as an example

We need our own which is sustainable of all men and women to pay NI contributions for 49 years and receive the Manx State Pension at 65 Years

https://www.thepetitionsite.com/en-gb/takeaction/366/352/666/ I started A PETITION  if agree please sign it and when I reach a 1000 or I present it to him and complain to your MHK too.

Action is needed or we all have become all losers there no winners and it up all of you to make a change for good of all as there letters fore the changes did go to working people that would effect and 35 years state pension comes with compulsory payments after you paid your 35 max till you reach your State Pension date around 16 years or more and receive nothing only on your 35 State Pension payments "SO FIGHT FOR YOUR RIGHTS AND NOT LOSE BY DICTATORSHIP"    

 It alleged that Treasury Minister is using his position to get what he wants and not abiding by the law TIME for big vote of no confidence in him the old Treasury Minister had more sense and you paid your 35 years the remainder should transfer to a saving account till your at pension age " planning for retirement"   at present enforced age waiting time not the Manx State Act plus compulsory payments after 35 years and all that money goes to the treasury no see a penny of it so stand up tell your MHKS why the Treasury Minister using the UK State Pension Rules and not the Manx State Pension Rules in the State Pensions Act  

Edited by Manx Veteran
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You should have had someone proof read your petition.

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1 minute ago, TheTeapot said:

You should have had someone proof read your petition.

Ain’t that the truth.

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Just what we need. Professor Stanley Unwin campaigning for our pension rights.

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I'm coming to the conclusion that we should pay NI when retired. Maybe at a lower rate as has been suggested elsewhere, but pay it we must.

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If I understood the op I might agree

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7 hours ago, woolley said:

Just what we need. Professor Stanley Unwin campaigning for our pension rights.

Deep joylode.

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Are you all sitty comftybold two-square on your botty? Then I'll begin...


 

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i can't believe they are a 'manx veteran'  with that literacy,  or maybe it proves they are??

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Anyone in this day and age who is solely relying on the state pension needs their head examined..

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7 minutes ago, Gizo said:

Anyone in this day and age who is solely relying on the state pension needs their head examined..

I tend to agree Gizo but the way that wages and conditions have gone, it would indicate that a lot of people are going to go through life with no other pension provision? Buying property is also going to be difficult for some.

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Posted (edited)
1 hour ago, MrPB said:

The Manx one is worse as the flat rate is lower. 

According to the information I've seen the Manx one is about £180 per week and the UK about £165.

ETA: Just checked it: UK £168.60 and IOM £184.15 from April 5th 2019. (plus Manx Supplement for those entitled.)

Edited by woolley
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