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State Pension 100 years Old Today.
(From Government News Network)
] DEPARTMENT FOR WORK AND PENSIONS PENS-096 1 January 2009 State Pension 100 years Old Today
One hundred years ago today the first pensioners went to the Post Office to collect a State Pension of 5 shillings a week. In 1909 half a million people over 70 got a pension. Now they number over 12 million, with more than 700,000 people reaching State Pension age in 2009 alone.
Today the Basic State Pension is worth around four times more than the amount received in 1909. Help with fuel, Council Tax and rent plus the one-off payment of GBP60 on top of the regular GBP10 Christmas payment bonus boosts it further.
Around 12,000 people in the UK will share their 100th birthday with the State Pension this year and by 2050 we can expect 250,000 new centenarians each year - that's a lot of telegrams!
Secretary of State for Work and Pensions James Purnell said: "It is incredible to think that one in four babies born today could live to 100. Things have come a long way since 1909. People live longer and want more from later life. These days people can spend a quarter of a century getting their State Pension."
"As the State Pension moves into its second century we are committed to ensuring that pensioners receive the help they need. Which is why, alongside the State Pension and Pension Credit, this winter pensioners will receive additional support through their Winter Fuel Payment and an extra GBP60 bonus."
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