Pension Changes for Women

[alig99]

Just in case women havent heard..........here is some info from the DWP site re the Government's announcement on changes to State Pension age as follows:
Currently, the State Pension age for men is 65. On 6 April 2010, the State Pension age for women started to increase gradually from 60 to 65, to match men?s.

The government has announced new proposals for increasing State Pension age. This will mean women?s State Pension age will increase more quickly to 65 between April 2016 and November 2018.

From December 2018 the State Pension age for both men and women will start to increase to reach 66 by April 2020.

Any change to the timetable would need the approval of Parliament.

Women born before 6 April 1953 and men born before 6 December 1953 will not be affected by these new proposals.

The government will be publishing more details about the proposed changes shortly and further information will be placed here.

The government is also considering the timetable for future increases to the State Pension age from 66 to 68.

This is from the Independent newspaper:

Women will be the biggest losers from the rise in the state pension age. The age at which women can collect the state pension was supposed to rise gradually from 60 to 65 by 2020, but under the Coalition's plans it will rise further and faster. The state pension age for women will reach 65 by December 2018 and 66 by April 2020, bringing it in line with men.


?The biggest losers are some of the women born around 1954,? said Rash Bhabra, head of corporate consulting at Towers Watson. ?A woman born on 5 April 1953 will still be able to claim her state pension when she is just 62 years, 11 months and one day old. A woman born a year and a day later will have to wait until she is 66. The extra three years of missed state pension income could be worth more than £15,000.?

The hike in women?s pension age is ?draconian? according to the former government adviser and director-general of Saga, Ros Altmann. ?We all know something has to be done about pensions but it seems that women are bearing the brunt. The French are out on the streets but British women are expected to swallow a rise of six years in their pension age over a decade.?

Dr Altmann said that the current government policy of allowing employers to force their staff to leave at 65 was incompatible with the new higher state pension age: ?We face the prospect of women and men having to leave their jobs at 65 on their employer?s whim and then having to live off unemployment benefit while they wait for the state pension to kick in, which itself is one of the worst paying in the developed world.?

The changes to the state pension could save the Exchequer up to £5bn a year and it now looks increasingly likely that the date of further rises in the state pension age to 67 and 68 ? previously planned for 2036 and 2046 respectively ? will also be brought forward.


The French are rioting about rise from 60-62 before they get their pensions...men and women.
We accept the rises and carry on.
Keep calm and carry on!


We are mere women!!


The pospect of working until age 66 / 67 might be attractive to some but for others whose jobs are menial and low paid , well, maybe thats another story..........



What do others think?

[Joy19]

I realise that for most of the mums on this website, the increase in pension age is not relevant for them but it may affect your own mums. This latest increase has created a huge anomaly where women born on 5th April 1953 will still retire at 62 years and 11 months but women born a year and a day later will now have to wait until 66. I am a grandma, like many others, who works part time to look after my grandchildren and it is devastating to learn at the age of 56 that my pension age has suddenly increased by another 23 months. If they were doing this to men, there would be an outcry. There is significant anger about this. If your mums are similarly affected write to your MP. Their email addresses can be found here,
www.parliament.uk/mps-lords-and-offices/mps/