A man's got to live, hasn't he?
The state's got to give -- possibly?
But 'cause we'er living longer, it's something we soon can't afford
I'm finding it hard to find something to reach an accord

I'm reviewing the state of pensions
'Cause a man can't be a worker all his life?
Though he starts with best of intentions
Won't save enough for both him and his wife.

Though his wife could go and earn as well
And save up in her turn as well
Yes, that would work out handily
But children have no family
They will not grow up properly
They'll start to run amokerly
....I think I'd better think it out again!

So, wife stays at home, anyway
'Till children are grown, anyway.
Then she too needs a pension and savings
And starting from now
So how to provide and to keep paying people
--So how?

I'm reviewing the state of pensions
And 'cause everybody's savings are too lax
Governmental interventions
Should be paid for by a higher rate of tax
But the rich will get annoyed at that
And try hard to avoid all that
We'll end up with the living poor
Inevitably giving more
While super-rich men sip their wine
In tax-avoiding Liechtenstein
....I think I'd better think it out again.

So what have I got -- no idea
What we can do isn't clear
To change demographics
So there are more young, and less old
Enforced immigration?
An idea not easily sold...

I'm reviewing the state of pensions
If you've a thought, I'd surely like to try it
Ze solutions, like the French 'uns
If we used 'em here we'd surely have a riot
Give Mail-readers coron'ries
Importing working foreign'ries
We'll tell the young it's fun in here
And so to work they'll come in here
I wonder if it is too late:
Convince the old to emigrate?
....I think I'd better think it out again.

Or work until you're seventy?
You're still in your prime...seventy.
When all's told you ain't old
And if you should work till you die
Reduces the level of money
You need to put by...

I'm reviewing the state of pensions
And to my review, I'll have to call a halt
'Cause the public don't pay attention
When the crisis comes, it's everybody's fault

'Cause
Nobody wants to pay for me,
Or themselves either, honestly
They will not work excessively
Or save money sufficiently
The immigrant community
Might help, but there's no unity
There's no lead from the TUC
And Gordon Brown's anti, you see

....I think I'd better think it out again!