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The Department for Work and Pensions (DWP) is a ministerial department of the Government of the United Kingdom. It is responsible for welfare , pensions and child maintenance policy. As the UK's biggest public service department it administers the State Pension and a range of working age, disability and ill health benefits to around 20 million ...
The Old State Pension, consisting of the Basic State Pension (alongside the Graduated Retirement Benefit, the State Earnings-Related Pension Scheme, and the State Second Pension; collectively known as Additional State Pension), is a benefit payable to men born before 6 April 1951, and to women born before 6 April 1953.
The Pension, Disability and Carers Service was an executive agency of the Department for Work and Pensions (DWP) which was created in April 2008. [ 1 ] The PDCS brought together two former separate executive agencies, The Pension Service and the Disability and Carers Service . [ 2 ]
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National Employment Savings Trust (NEST) is one of the qualifying pension schemes that employers can use to meet their new duties. It was set up as part of the government's workplace pension reforms. Nest is a trust-based defined contribution pension scheme, run by a trustee (Nest Corporation) on a not-for-profit basis.
The Ministry of Pensions was created in 1916 to handle the payment of war pensions to former members of the Armed Forces and their dependants. In 1944 a separate Ministry of National Insurance (titled the Ministry of Social Insurance until 17 November 1944) was formed; the two merged in 1953 as the Ministry of Pensions and National Insurance. [5]
Parliamentary Under-Secretary of State for Work and Pensions: The Lord Hunt of Kings Heath: 10 May 2005 4 January 2007 Labour: Parliamentary Under-Secretary of State for Work and Pensions: The Lord McKenzie of Luton: 8 January 2007 6 May 2010 Labour: Parliamentary Under-Secretary of State for Work and Pensions: The Lord Freud: 11 May 2010 21 ...
Pensions in the United Kingdom, whereby United Kingdom tax payers have some of their wages deducted to save for retirement, can be categorised into three major divisions - state, occupational and personal pensions. The state pension is based on years worked, with a 35-year work history yielding a pension of £203.85 per week. [1]