MAKE FAIR TRANSITIONAL STATE PENSION ARRANGEMENTS FOR 1950'S WOMEN
“The
Council calls upon the Government to make fair transitional state pension
arrangements for all women born on or after 6th April 1951, who have unfairly
borne the burden of the increase to the State Pension Age (SPA) with lack of
appropriate notification.
Hundreds
of thousands of women had significant pension changes imposed on them by the
Pensions Acts of 1995 and 2011 with little/no/personal notification of the
changes. Some women had only two years notice of a six-year increase to their
state pension age.
Many
women born in the 1950's are living in hardship. Retirement plans have been
shattered with devastating consequences. Many of these women are already out of
the labour market, caring for elderly relatives, providing childcare for
grandchildren, or suffer discrimination in the workplace so struggle to find
employment.
Women
born in this decade are suffering financially. These women have worked hard,
raised families and paid their tax and national insurance with the expectation
that they would be financially secure when reaching 60. It is not the pension
age itself that is in dispute - it is widely accepted that women and men should
retire at the same time.
The
issue is that the rise in the women's state pension age has been too rapid and
has happened without sufficient notice being given to the women affected,
leaving women with no time to make alternative arrangements.
The
Council calls upon the Government to reconsider transitional arrangements for
women born on or after 6th April 1951, so that women do not live in hardship
due to pension changes they were not told about until it was too late to make
alternative arrangements.”
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