Derek has spoken of his anger at Government plans to accelerate the state pension age increases which mean that 500,000 women will have to wait more than a year before receiving the state pension, leaving many women aged 56 and 57 feeling robbed.
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 born between 6 March 1954 and 5 April 1954 will have to wait an extra 2 years, before being entitled to their state pension.
The unlucky 33,000 born between 6 March 1954 and 5 April 1954 are set to lose around £10,000 in lost state pension or more than £15,000 if they get the full pension credit, with less than 7 years to attempt to accommodate the change.
Derek said:
“The Government’s plans to increase the state pension age disproportionately affects women, and many in Halton are being made to wait up to two years longer for their state pension. A significant proportion of these are women have juggled working lives with raising a family, and have very little retirement saving to fall back on. The lack of warning of these changes means they do not have enough time to adjust carefully thought-out retirement plans and leaves them feeling robbed of their pensions.”
|