Regrets Over Pension Changes For Women

Two former pensions ministers have expressed their “regret” that women were not given more notice about changes in the retirement age. Baroness Ros Altmann and Steve Webb both feel that women should have been given clearer information earlier.

The BBC explains –

‘Under the 1995 Pensions Act, the government decided that the pension ages of both men and women would be equalised by 2020. Previously, women retired at 60, while men retired at 65… In 2011, state pension ages were raised at an even faster rate… Some of those born between April 1951 and 1960 will not qualify for a pension until the age of 66… Campaigners belonging to Women Against State Pension Inequality (WASPI) say some women had very little notice that they would not get a pension at 60… They are calling for “transitional arrangements” for those affected.

Baroness Altmann told the BBC’s Rip Off Britain: Live programme that the government failed in its attempt to communicate many years ago with the women who were affected… “It perhaps misled them, or lulled them into a false sense of security, and if they did believe that their state pension age was 60, partly that was because the government led them to believe that,” she said.’