Wednesday 16 March 2011

Social security-The benefits system

Social security-The benefits system


In United Kingdom, under the current rules, the State Pension Age for women is in the process of rising from 60 to 65 to equalise with men; and then state pension age for both men and women was due to increase from 65 to 66 between 2024 and 2026. The Pensions Bill is bringing forward the timing of equalisation and the rise in the State Pension Age from 65 to 66 for both men and women.
  • Under the new legislation, women’s state pension age will reach 65 by November 2018.
  • The rise from 65 for both men and women will begin in December 2018 and reach 66 by April 2020. 

On the other hand, in Cyprus the retire age is 60 because the government give the chance to young people who just graduated to work, but year by year the law system about that is changing.
Moreover retired depend the salary which took every month about the income after 60.    

There are several benefits basic for mothers in the UK if they have a child, such as:
  • Statutory Maternity Pay
  • Maternity Allowance
  • Health in Pregnancy Grant

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