Pensioners who have already retired have expressed their anger that they will not benefit from the flat-rate pension when it is introduced in four years time.UK adults who retire in 2016 and have made sufficient National Insurance (NI) contributions will be eligible for the new flat-rate pension of £140 a week.However, existing pensioners - as well as those who are due to retire between now and 2016 - will stay in the existing state pension scheme and are likely to be worse off than their younger counterparts.Ros Altmann, the director general of Saga, the over-50s' group, revealed that the organisation has received many letters from pensioners complaining about the issue.She told the Telegraph: "I understand that existing pensioners getting less than £140 may be unhappy. I would call on the government to consider extending the flat-rate system to those who have already retired."The Pensions Policy Institute has estimated that extending the policy would cost an additional £5.8 billion a year.
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Tax allowances and state benefits