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'Losers' inevitable from state pension reform

Michael MHK wants options explored

An MHK says he's still worried about the unintended consequences of 'hasty' state pension reforms.

Among the changes passed in Tynwald last week was a new single-tier benefit of £170 per week, to be phased in by 2019.

The retirement age will also increase to 67 by 2028.

A motion to establish a parliamentary committee to explore the options was defeated.

Its proposer, Michael MHK Alfred Cannan, is disappointed - and fears the proposals will create 'winners and losers':

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