National (proposed)

A pay-as-you-go system - ie. present taxpayers (through an increase of taxes) will pay extra benefits (possibly about 1½ times the present levels, afetr

times the present levels, after tax). scheme is simpler to operate in that all pensioners will receive the same benefit, regardless of how much they earned while at work. There is some provision for funeral expenses etc, but the major attraction for a widow is that she will get the pension in her own right - which does not happen under Labour's plan unless she worked. Present contributions to the Superannuation fund will be refunded.