Question to the Department for Work and Pensions:
To ask the Secretary of State for Work and Pensions, if he will bring forward legislative proposals to introduce a Government financial recognition payment to all citizens who reach the age of 100 years.
We have no plans to do so.
This Government wants all pensioners to have a decent and secure income throughout their retirement. The restoration of the earnings link in legislation and the introduction of the coalition commitment to the triple guarantee benefit pensioners by providing a more generous State Pension, giving a solid financial foundation from the State which is essential as part of the pensions system. As a result of the Government's triple lock policy, someone on a full basic State Pension can expect to receive £440 more in 2014/15 than if it had been up-rated by earnings since the start of this Parliament, and the basic State Pension is forecast to represent a higher share of average earnings than at any time since 1992.