State Pension Age Increase

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26 Aug 2011

I have been inundated with messages from women affected by the Government’s plans to accelerate the state pension age increase. Despite thousands of people signing a petition, a mass lobby of Parliament, thousands of emails, and a series of questions to the Prime Minister, the Government have not delivered on their promise to produce plans for ‘transitional arrangements’ to ease the burden for those most affected. 

The Government’s plans mean that 500,000 women will have to wait for more than a year longer before receiving the state pension, leaving many women aged 56 and 57 robbed of their pensions.
300,000 women born between 6 December 1953 and 5 October 1954, will have to wait an extra 18 months, and an unlucky 33,000 will have to wait an extra two years, before being entitled to their state pension.

The majority of these women will already be well underway in their plans for retirement, with many already working reduced hours in order to care for grandchildren or elderly parents. Yet they are now being forced to make significant changes to their financial plans, with just five years notice before the changes kick in.

During the debate in the House of Commons on the Bill the Government repeatedly said they would look at ‘transitional arrangements’ but have failed to deliver.

I’m calling on the Government to change their plans now to protect the many women in Rother Valley who are being made to wait up to two years longer for their state pension.

 


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