6 campaigners from the many thousands who have been involved in Age UK’s campaign visited No 10 Downing Street today to urge David Cameron not to increase women’s State Pension age beyond 65 until 2020. With the Pensions Bill soon to receive its final reading, this is the Government’s last opportunity to do the right thing by thousands of hard-working women up and down the country who are being penalised by the Pensions Bill.
330,000 women born between December 1953 and October 1954 will be hit hardest, having to wait between 18 months and two years longer for their State Pension. The 33,000 women who will have to wait an extra two years, will lose on average £10,000 of State Pension income as a result.
These women have already been asked to adjust their financial plans to take into account increases in their State Pension age as a result of the last Government’s Pensions changes . If the current Bill goes ahead, this will be the second time they will have to alter their plans and retire even later.
We believe the Government should stick to the existing timetable for equalisation as agreed in the Coalition Agreement, but at the very least we are calling on them to:
- Mitigate the effects of these changes on the worst affected groups of women, those whose state pension age would rise by eighteen months or more, and put in place transitional arrangements to protect those who do not have sufficient time to plan for a revised Pension Age.
- Ensure there is a clear plan of action as to how all those affected the change will be contacted to inform them of the implications.
MPs across all political parties recognise the unfairness of these changes that disproportionately affect a particular group of women, who have already been hit by the pension reforms of the last Government. Age UK will continue to campaign against these deeply unfair proposals.