This presumably means that they can blow the lot on a Porsche, a round-the-world cruise, or a regular good time with Fifi le Malmal (2nd floor left, knock twice).
The downside of that, of course is that when it's done, it's done... and you wouldn't want to have to exist on a British state pension, given that it is the lowest in the developed world after Mexico.
So the pensions minister, in a desperate bid to keep down with the rest of the Work and Pension low life in the Tory government, has decided to tell you when you can expect to die.
Yes, when you retire you will get your pension book, your bus pass and details of when you can expect to quit this life, Steve Webb, who used to be a Liberal, bless him, has announced.
So, although you will get a more accurate forecast on your retirement date, when Mystic Steve pops round to see you with his crystal balls, Munguin has thoughtfully provided you will a rough idea of when you can expect to pop your clogs, so that you can plan not to be a burden on Gidiot Osborne.
As you can see people in Scotland don't do too terribly well out of this, but the good news is that they can spend all their money faster than those poor people in the South of England who are going to have to make the niggardly amount last longer.
Our worry is that people in Northern Ireland must be expected to die on their 65th birthday... In which case Munguin's advice to them is spend it all on your credit card and take out massive loans the year before you are due to retire, and leave someone else to sort it out.
I was wondering, If Mystic Steve gets it wrong, and you last another few weeks... will you be able to claim social security?
Joking aside... Have you ever heard of anything so crass?
