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LibDems want pension age review

Over a third of eligible Liberal Democrat MPs have signed Parliamentary motions calling for the Government to review its plans on speeding up the increase in the state pension age.

The Pensions Bill will equalise the state pension age for men and women at 65 in 2018, two years earlier than previously planned. This will rise to 66 for men and women by April 2020.

There is concern about the reforms among LibDem MPs and so far 18 have signed motions calling for a review.

With 15 out of 57 members unable to sign motions because they are in Government posts, more than a third of the eligible Parliamentary party and the LibDem Parliamentary committee on work and pensions have called for a rethink.

TSC member and LibDem MP John Thurso says the impact on 33,000 women, who will have to work another two years because of the change, needs to be add-ressed. He says: “I do not start negotiations with ministers by pointing a loaded pistol at their head but if I thought the Government was simply being bloody-minded and not trying to find a solution, I would consider how my vote should be cast.”

Several other LibDem MPs told Money Marketing this week that they will consider voting against the proposal if there is no movement from the Government. Last week, LibDem Parliamentary committee on work and pensions co-chair Jenny Willott called for the Government to look again at the policy to make it fairer to women.

She said: “I will be raising the concerns with the Deputy Prime Minister and the pensions minister, urging them and others in Government to rethink the current plans.”

A Department of Work and Pensions spokesman says: “It is only right that we reflect on the effect that a rise in the state pension age will have and this is why we are consulting on a more automatic mechanism for future increases.”

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