However, around 1.5m pensioners are missing out, the result of not claiming Pension Credit even though they are struggling on low incomes.
However, around 1.5m pensioners are missing out as a result of not claiming Pension Credit even though they are struggling on low incomes.
The staff at the charity helped me to claim pension credit and council tax benefit.
So millions have to claim pension credit and other means-tested benefits, which give them at least £130 a week.
The time we spend with someone on the phone can make such a difference: we are often able to help people claim pension credit or benefits they were unaware of and regularly hear how valuable this extra income has been.
Under the plan, gays in legally recognized "civil partnerships" would be obliged to support each other financially and would be eligible to claim pension and inheritance rights after the death of one partner, among a range of other responsibilities and benefits.
Yet, it is an empirical regularity in most advanced economies that workers claim pension benefits as early as possible, usually also reducing often to zero labor supply (see Gruber and Wise 2007; Heijdra and Romp 2009).
Data is right censored as the dataset contains some workers that either can only be observed before they take the decision of interest (i.e. claim pension benefit), because we only observe the individuals up to the year 2006, or did not claim a retirement pension before the age of 66.
The crux of our argument is that, formally, early retirement (i.e., claiming pension benefits before the Normal Retirement Age, NRA, of 65) implies a severe permanent reduction in pension benefits (between 6 and 8% per annum, depending on personal circumstances).
In Greece, retirees lined up at some banks in hopes they would open so that they could claim pension payments.
