THE STATE BASIC PENSION
Currently, as of 2009, the basic state pension entitlement is for most people, and the amount received will depend on the amount of national insurance that has been contributed over the working life. Obviously in the future, the basic state pension may well not exist. In fact, estimates suggest that people that are under 40 years of age right now may well not get a state pension due to the shortfall in funds available to the government.
