01 April 2011

More rewards for the unforethoughtful

A new non-means-tested pension scheme, to start about 2015, is supposed to provide support greater than the current basic state pension and the current means-tested supplement combined, but it will not be available to existing pensioners.

A new flat-rate pension is expected to be worth at least £155 a week, it emerged last night. Ministers will next week press ahead with proposals for the most radical reform of the state pension system since its inception. The new system ... will provide a guaranteed level of support greater than the amount people currently get through the basic state pension and means-tested pension credit. Women, who often do not receive a full state pension as a result of taking time out of work to look after children, will be the biggest winners as a result of the flat-rate payment. But it will only be available to people reaching the state pension age from now, rather than existing pensioners. (Daily Mail, 1 April 2011.)

All existing pensioners must have fulfilled the requirement of making qualifying contributions every year without fail for a large number of years. They have demonstrated conscientiousness and forethought, which are correlated with high IQ. So they are certainly not the sort of people who should be rewarded (according to the modern ideology). This would be against the rule of modern society, which is that resources are to be taken away from sections of the population with above average IQs and bestowed upon a population with a lower average IQ.

The population which is to benefit from a non-means-tested flat-rate pension will, apparently, include many who fail to make the presently-required number of payments, including women who take time off work to have children and do not make voluntary payments to fill the gap. This seems to be a less highly selected population than those who have demonstrated conscientiousness, and could include individuals with a wide range of IQs.

All current pensioners receiving the full basic pension were so conscientious that they never missed out on a qualifying year. They will continue to receive only the basic pension, thus staying well below the poverty line, unless they are eligible for the means-tested supplement, and are prepared to submit themselves to the process of applying for it.

‘The question of ethics with regard to pension policy is one of the issues on which Oxford Forum could be producing fundamental critical analyses if it were provided with adequate funding. We appeal for such funding to enable us to write and publish on this and similar issues, which are currently only discussed in the context of pro-collectivist arguments.’ Charles McCreery, DPhil