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Govt under pressure to delay state pension age increase for women

The Government is coming under increasing pressure to delay raising the state pension age for women.

The pensions bill returns to the House of Commons today for its second reading after the Government narrowly avoiding defeat in the Lords last week.

The Financial Times reports Work and Pensions Secretary Iain Duncan Smith is coming under pressure to introduce amendments to help women approaching retirement who will be asked to wait another two years before being able to claim their pensions. The paper quotes Duncan Smith as saying: “I understand there are issues and problems and I’ll constantly look at ways to see whether there’s a way of doing [something about] that. The key principle to retain is that there’s a reason why we’re trying to get [to the age of] 66 by 2020.”

More than 180 MPs, including 26 coalition MPs, have signed an early day motion against the increase.

The Government plans to raise the state pension age for women from 60 to 65 in 2018, two years earlier than Labour planned, before equalising the pension ages for men and women at 66 in 2020.

Saga director general Ros Altmann has put forward an alternative plan that would see the state pension age increase more rapidly from 2020 onwards.

She says: “The current plans are unfair and may, indeed, be illegal in public law terms, since they clearly do not give women adequate notice of the large changes in pension age that they face.  A legal challenge to the fairness of these proposals is likely to be difficult for Government to defend and could end up costing the taxpayer significant sums in court fees and compensation for those affected.  Let’s adopt a more practical approach now, before it’s too late.”

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Comments

There are 5 comments at the moment, we would love to hear your opinion too.

  1. This pension rise will adversley affect 330,000 (A) women aged 53-54 and is set to cot them approx £10,000 (B)in lost pension income. So lets do the math A x B = 3.3 billion. Estimated 33 million (C) people in work. If we let every one of the 330,000 retaire when is their current right , i.e 60. Then A x B divided by C means that on average everyone in work would have to work no more than 20 hours or half a working week to make up the deficit. Simple.

  2. I am a lady who did not have enough contributions for a full pension so was offered the opportunity to buy back the years. I was advised to do this and am now a few thousand pounds worse off to no future advantage. Will the goverment be re imbursing me?

  3. Please help me & all women affected by this ridiculous proposal & sign this: petitionhttp://www.saga.co.uk/media-centre/petition/index.asp . Then please pass it on to all your friends. Thank you.

  4. Eamon AP Crouch 30th June 2011 at 5:32 pm

    How can this be fair? when women who started work in the early 1970’s knowing their retirement age will be 60 years of age, planning their lives around this date, having children, returning to work and now being told by Government” oh by the way you will not retire until you are 65″ Ask my sister she is one of them.We all need to act like the French who came out onto there streets when the age was being raised to 62

  5. @ Eamon: It’s completely fair. What isn’t fair is the current situation, whereby women retire 5 years younger than men despite having a much higher life expectancy. Sexual equality works both ways you know!

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