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MPs back early state pension for women

Work and pensions committee will recommend women hit by accelerated rises in the state pension age should be allowed to take their pension early.

MPs back early state pension for women

MPs on the House of Commons work and pensions committee (WPC) will recommend women affected by accelerated rises in the state pension age should be allowed to take their state pension early.

The WPC issued an interim report in January, which attacked the government over the ‘lack of clarity’ provided over state pension changes.

A final report to be issued by the committee will recommend a 'fiscally neutral' solution involving women taking early receipt of their state pension.

Conservative MP for South Thanet Craig Mackinlay told Citywire the recommendation would be before the Budget next week.

‘What we are looking at on the committee – and it will be published shortly – is the potential for an actuarially-based, fiscally neutral, early taking of state pension,’ he said.

‘It’s cost neutral. There would be a cash flow disadvantage to the Treasury, but at fairly low interest rates the government could borrow at the moment and would be getting it back later.’

Conservative MP for Salisbury John Glen, who sits on the committee, backed the idea during the most recent commons debate on the 'Waspi' issue.

'What I propose is that the group of pensioners in that early-50s cohort are given the option to take their pension earlier,’ he said at the time.

‘Their pension would be reduced, but it would be a relatively small amount for two or three years, and it should be cost-neutral to the government even taking into account the cost of the administrative changes involved.

State pension ages have risen sharply for some women, who now claim they have been left either having to work longer or struggling to make ends meet as they wait several extra years to collect their state pension. Campaigners have claimed the government did not publicise successive changes well enough.

The 1995 Pensions Act first set out women’s SPA rises from 60 to 65 to equalise with men’s. The Pensions Act 2007 raised the pension age for women and men from 65 to 68 between 2024 and 2046. The 2011 Pensions Act accelerated this timetable. Women’s SPA would hitting 65 by 2018 and both men and women would have an SPA of 66 by 2020. It meant some women would have to wait an extra two years to receive their state pension, later capped at 18 months at a cost of £1 billion.

The Women Against State Pension Inequality (Waspi) campaign called for 'fair transitional arrangements' for those affected. The topic has now been debated four times in parliament.

19 comments so far. Why not have your say?

martin smiler

Mar 11, 2016 at 11:16

Pensions i took out a Hambro life pension lump sum £1043 in may 1985 today that pension is worth £1916, less than 2% growth the rest taken in charges, there is not enough being done on this issue of charges/bad performance, how can the gov get people interested in Pensions when there are 1000's of policy's like these being sold

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Carol via mobile

Mar 11, 2016 at 13:01

I totally agree Martin! My pension forecast now is a pot smaller than the money I put in! Equitable Life..... Although both my adult children do have pensions, they also own property which is far less risky an investment than a pension!!

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Jim Waddington

Mar 11, 2016 at 20:34

It will be interesting to see exactly what reduced 'early-taken pension' will be on the table next week, but if it happens a good smack in the eye for Ros Altmann who has been singularly unhelpful to this disadvantaged group throughout this saga

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Gerald Watson

Mar 12, 2016 at 11:02

Totally agree with you Jim. She claimed the DWP had no pot of money to resolve this issue but a solution looks to have been found that is cost neutral. Poacher turned gamekeeper.

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Piston Broke

Mar 12, 2016 at 14:23

I can not understand where this money would come from ?

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Lizzie Cornish via mobile

Mar 12, 2016 at 17:02

Those in their early 50s? And pray tell me, what is the fate of the rest of us thus similarly affected/traumatized by a 6 year hike in our pension age, no notice having been given of first 5 years at all, in any way, officially....and the extra year we were only informed about in 2012. HOW are we supposed to live our lives for the next 6 years, please? ALL those promised their pensions at 60 should HAVE their pensions at 60. We should NEVER have been included in this in any way at all, nor should the 1960s women, for we were all raised to believe we'd retire at 60, nearly our whole lives long. The pension age should have come DOWN, either to 60 for men too, thus helping them hugely, as they tend to die earlier than us...or, been levelled off to 62.5 for everyone, with women still being slowly transitioned into this, so that no woman had more than an extra year to wait. Better still, they should have said that only women born from 1995 onwards would have the equal age, making that age 62.5, or, as said before, 60 for men and women. NO austerity back then, (none now, either, other than the fairytale put out by govt, of course)

We have all been treated appallingly and the govt should not only apologize for the trauma and stress they've caused us, but should give us our pensions in full, backdated to 60, as agreed...and give us the interest on it too....We could, I've no doubt, sue their backsides off and claim £compensation for the shocking way we've been treated, which has caused many of us to become ill, both emotionally and physically, also forcing many of us into debt, particularly those on our own...

I'm not normally into £compensation, but with this, I am, for there has been GROSS NEGLIGENCE here..and indeed, we are probably looking at Gross Negligent Manslaughter too.

On top of just struggling to stay alive, being in penury, thrown into debt, depression and despair, we've also had to deal with those from the Pensions/Finanical sector making us out to be liars, and greedy selfish bitches, for DARING to expect that our PENSIONS, the ones promised to us, which most of us have paid over 40 years of NI into, be PAID to us AT 60, as per the contract we had with govt...unwritten, but still a contract, one that is 'contracted out', I believe, by some, thus a 'contract'..

It is truly shameful what this industry has done to us, bullying already suicidal women who lose hope every single day..and for govt to tell us to live on JSA (£73 a week for EVERYTHING, if you even get the top amount, that is, or are eligible for anything at all) is beyong insulting, really putting the boot in to good, bloody decent women who have been treated like SHITE! You can only claim JSA for 6 months now...What then?

Truly, what is to become of us?

We have no life, many of us, we are just 'existing'...panic stricken about bills, some forced to sell their homes, have lost EVERYTHING, whilst this Fat Cat Govt and Pensions/Financial Sector laugh at us and ENJOY the fact we're drowning, through NO FAULT of our own, doing ALL they can to hold our heads under.

It is despicable and utterly INHUMAN!

This industry needs to clean up its' act. You need to remove all the emotionless, heartless, cruel and brutal people who happily con others, making their lives hell...because you have taken a severe knocking after the way you've treated us..and many will never trust any of you, ever....

These are our PENSIONS and every single day the money for them is STILL rolling in, day after day...has been for YEARS, WILL continue to, for YEARS, but it has been denied to us!

By the way, NO MAN has had 5 YEARS added to his pension expectation in ONE VAST STEP! It is immoral...and I'm now seriously wondering if this was done by Misogynists, who loved every moment of what they were doing to a certain section of women....and THAT comes from a woman who stands UP for men, who speaks out against Radical/Extreme Feminism.

If it weren't for some of The Good Men & True doing all they can to HELP us, I'd give up.

As it is, this idea helps very few and is still highly insulting towards us.

We do NOT have to be grateful, for our pensions have been STOLEN and we have been thrown into HELL!

This is about putting RIGHT a most EVIL WRONG and it needs to be put right FAST and URGENTLY, by giving us BACK our stolen pensions, with interest, which has also been stolen from us..and a bloody HUGE APOLOGY for the HORROR so many of us have had to endure.

GEEZUS! My country has betrayed me and all my fellow women from the 50s/60s/70s in the most cruel and barbaric way.

We will NOT die quietly!

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Lizzie Cornish via mobile

Mar 12, 2016 at 17:16

'Piston Broke' The money has ALWAYS BEEN THERE...It continues to roll in every single day..and will do so for decades. No-one has been 'let off' their NI contributions, due to us having had our pensions stolen for 6 YEARS!

Osborne is spending it on other things! Let's see, we could STOP Hinkley Point (£24BILLION) or HS2 (£50/£70/£WhoKnows?BILLION) or Endless Invasions (£UMPTEENtensOFbiilions!) Thatcher Museum (£15MILLION) Tory Private Jet (£10MILLION) Teaching People English (£20MILLION!)

On and on and ON it goes...

Ooh yes...raiding the pension fund, as ADMITTED by Cameron a few weeks back, to bulldoze 'sink' council estates, to build private homes..... (!!!!)

That is OUR money and they have NO right to be using it..and it is truly BLOODY insulting to talk of 'reduced pensions' for the few...

REDUCED? 44 YEARS of NI insurance for one of worst pensions in Europe and they speak of REDUCING it??????????????????

Is this a case of Misogynists R Us having some kind of Orgasmic Picnic, where they think of the most insulting, hurtful ideas they can throw at us...

Reduced pensions

Live on JSA!

WTF is going on?

WHERE are OUR pensions, our FULL pensions, WITH interest and £COMPENSATION for the HELL we are being put through??????

Osborne INSTANTLY reverses his idea on Pensions for the Rich, but US? No, we're sub-human, you see, 'beneath you all', plebs, right?

Every single hour of every single day, OUR pension money IS being paid IN, and spent ELSEWHERE in one of the biggest, most CRIMINAL acts by any government I can EVER remember!

People should be being put in PRISON for what is going on, for what has been done to us....Legally, they haven't a leg to stand on..and personally, I'd LOVE for ALL of us to take this evil government to Court...along with all the Disabled, Sick and Vulnerable, who are also having THEIR lives blown apart by cold-hearted criminals.

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Isobel Fleming via mobile

Mar 12, 2016 at 17:38

This is very good news if it is true! After paying into NI for forty six years I am having to wait another six years for my pension. Hope WASPI campaigner wins the day.

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Susan via mobile

Mar 13, 2016 at 06:56

Where will the money come from? That's easy! There will be more jobs available if women were allowed to retire. So less dole money being paid out! Some people may wish to continue working all their life, and be reasonably allowed to do so! But in my case, I have been told all my working life, that retirement will be when you are 60, only to have the goal posts moved. Now 63 and had to give up my job due to ill health, but still won't get State Pension !

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Mar 13, 2016 at 09:10

It seems a good idea and over the long term could be cost neutral. But in the short term it could be horrendously expensive. If just a million women took £5000 pa, that would be £5billion pa on the deficit.

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Mar 13, 2016 at 09:52

Fiscally neutral I assume means that they get less per week to cover the fact that they are getting it for longer.

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Mar 13, 2016 at 11:26

The government does have 'no pot of money' to solve the difficulty.

The solution proposed is self funding from the pensions of the group of women involved.

However it does entail some extra government spending now (to be borrowed), but repays itself over the lifetime of the actuarially reduced pensions.

The only extra money involved is the interest the government will pay on this extra borrowed money while it slowly reduces over the pension lifetimes.

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Jim Waddington

Mar 13, 2016 at 15:39

I think 'Money Observer' makes the key point - this currently disadvantaged group have paid in their contributions & done so on the understanding until v. recently that they would retire at 60 - to totally defer payment for up to 6 years is patently unfair and, as a transition arrangement, self funding from the pension contributions made by this group would seem sensible. What is not acceptable is that the Pensions Minister did not see and recommend this option earlier / previously instead of presiding over a situation where some women (1953 births) got some compensatory transition arrangement whilst the rest (1954-56) got nothing.

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Susannah Clarke via mobile

Mar 14, 2016 at 11:31

If its true it will certainly help me. I've worked since 16 and paid my NI CONTRIBUTIONS I've got 44 qualifying years. Unfortunately a serious illness has now put me out of work. I never received any letters notifying me of changes otherwise I could have made provision. They can find the money by not propping up Brussels. What's the begins at home I'm of the era the hard work paid dividends but we are being denied what is our right.

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Jackie haynes via mobile

Mar 15, 2016 at 19:31

On the above comment what it the compensatory transion arrangement I was born in 1953 but don't know anything about this .

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Jun 30, 2016 at 09:31

I attended the protest in Westminster yesterday, and I firmly believe that the MP's now need to actually do something to resolve this issue. We are not going to go away, we will not back down and we will not give up or give in. We have paid in, our employers have paid in, it is not a pot of money for the Government to spend elsewhere, it is OUR money and high time they started paying it OUT to us. We have worked for this for over 40 years, it is NOT a benefit it is our entitlement and we want it NOW!

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Disillusioned via mobile

Jul 05, 2016 at 21:12

I'm sixty in September. No private pension. In my opinion the government have robbed me of my pension as I have to wait a further six years. I didn't pay into that... I was paying into getting my pension at sixty. What do they mean there is no money? Aren't people paying national insurance now? We paid ours during our working life for the benefit of pensioners along the way and stupidly expected the same for ourselves !!!

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Marion Jeffels via mobile

Jul 06, 2016 at 22:44


The lack of communication is the issue.

Equalisation of male female pension age is accepted.

Adequate and appropriate communication to women born in the 1950s who are impacted with little notice, is the issue.

Single, widowed, divorced, married women are front line impact group. Disabled and those unable to get work are also acute group for impact.

All have paid into state pension scheme since age16/17/18 until now so have many more than 30 years contributions with up to 46 years paid in some cases.

"Their money" is in the HM Treasury somewhere.

So please use "their money" soonest to make payments to these women until they are eligible for State Pension.

This has caused this group extreme hardship and poverty even though they have paid into this and been mis led.

Misrepresentation Act where women pay into scheme on the agreement that they will have pension at age 60


Up to age 66 to 67 applies now without communication in reasonable timescale


Breach of Misrepresentation Act. English Law.

Communication has to be more than just a generic 1995 or 2011 Act Of Parliament and has to be personal and explicit to each person impacted by a change, to be legally acceptable.

English Law

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Laurian Snowden

Aug 20, 2016 at 16:06

Oh I joined this to reply to a post but hey it's not possible.

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