Women's pensions.

[Tashyboy]

https://www.bbc.co.uk/news/election-2019-50534118

Someone help coz I am missing something.

In this day and age, equality is everything. Some being more equal than others. Womens pensions are being aligned to Mens. And yet there are groups kicking off. Don't get me wrong when it comes to pensions and governments robbing mine. I kinda feel there pain. But I have a nagging itch that tells me this is a part of equality that women/ groups don't want.
What is the main gripe of said groups, and should they be aligned with Mens.
On a seperate note. I nearly dropped me charity fruit scone reading that Labour will right this wrong, even though the costing of £58 billion give or take a fiver was not inclouded in the party's manifesto. So how we gonna fund it. Seeing as how Labour didn't help the miners recover any of there robbed Billions, if I was a lady I wouldn't hold my breath.
Thoughts please.

 

[Papas1982]

Tbf women born in the fifties on average wont have worked as many years as men so am less than sympathetic to their plight tbh.

Being honest though, retirement isn't something I've paid much attention to yet. I always thought when new rules were bought in, there woukd be a cut of line for who it would effect. So if that's been slipped then I guess it's harsh.

Sureoy going worward, at a minimum it should now be level for men and women, if not women working slightly longer due to them generally living slightly longer....

 

[Deleted member 1147]

Seems like good electioneering to me.
The chance is that older folk are more likely to vote blue. So offer 3 million older women some extra cash, it could have an effect.

 

[Doon frae Troon]

Gove saying that the government is sympathetic to the position that the Waspi women find themselves.
Michael old boy, they did not 'find' themselves in that position, you and your heartless government put them there.
And as for being sympathetic, between grunts splutters and waffle I am certain that I heard your boss say he would not do anything to help them,

 

[chrisd]

Tbf women born in the fifties on average wont have worked as many years as men so am less than sympathetic to their plight tbh.

Being honest though, retirement isn't something I've paid much attention to yet. I always thought when new rules were bought in, there woukd be a cut of line for who it would effect. So if that's been slipped then I guess it's harsh.

Sureoy going worward, at a minimum it should now be level for men and women, if not women working slightly longer due to them generally living slightly longer....

The problem is that women, like my wife, born in the early 50's were given very little notice of the change from being able to retire with a state pension at 60 and having to wait until they were 65. This was a hugely additional period to what extra work, before pension, that men were forced to do and a lot of women apparently lost close to £50k in pension payments despite having paid the full amount in that other women who were able to retire at 60 had done. No one disputes that it needed aligning but it was the lack of notice, the extra years of work that hadn't been planned for and the unwillingness of government to help financially ladies who hadn't had enough notice of the change to put into place alternative financial planning

 

[Hobbit]

The main argument by the group has always been that the notice they were given didn't allow them to build up heir pension pot enough. And a number of those women had taken career breaks to have children, sometimes meaning they progress as far up the career ladder.

The equality bit I don't have a problem with but the notice given was poor.

 

[Deleted member 16999]

You also have some of the women who are single or divorced etc who had been prudent and not a little bit of savings together which added to their State Pension was enough to cope who suddenly found they had another 5-6 yrs to wait and were not entitled to benefits until their savings were reduced below the allowed limit and are now an additional strain on the system.
Lots of women saved and did the right thing to prepare for retirement at 60 had no realistic time scale to make provisions when it was raised.

 

[chrisd]

You also have some of the women who are single or divorced etc who had been prudent and not a little bit of savings together which added to their State Pension was enough to cope who suddenly found they had another 5-6 yrs to wait and were not entitled to benefits until their savings were reduced below the allowed limit and are now an additional strain on the system.
Lots of women saved and did the right thing to prepare for retirement at 60 had no realistic time scale to make provisions when it was raised.

My wife being one of them. It was also hard to come to terms with having to go to work for maybe 5 years more, than only a short while before, you thought you'd be retired at 60, and someone only a few months/weeks older, working alongside, may have retired at 60

 

[Papas1982]

The problem is that women, like my wife, born in the early 50's were given very little notice of the change from being able to retire with a state pension at 60 and having to wait until they were 65. This was a hugely additional period to what extra work, before pension, that men were forced to do and a lot of women apparently lost close to £50k in pension payments despite having paid the full amount in that other women who were able to retire at 60 had done. No one disputes that it needed aligning but it was the lack of notice, the extra years of work that hadn't been planned for and the unwillingness of government to help financially ladies who hadn't had enough notice of the change to put into place alternative financial planning

I hadn't see the notice or lack of..
Like I say, only ever seen small bits about retirement as its a few years off, but seem to here generally that whenever the age limit is raised (for me), there is a dob cut off.

Will have a little look to compare hiw it differs to when mens ages are raised.

Either way I'm on the side of retirees. People living longer, doesn't mean they can enjoy the life after retirement if they're too old. Unfortunatepy for most. Early retirement isn't an option

 

[Deleted member 16999]

My wife being one of them. It was also hard to come to terms with having to go to work for maybe 5 years more, than only a short while before, you thought you'd be retired at 60, and someone only a few months/weeks older, working alongside, may have retired at 60

My sister-in-law was in the same position, brother had made plans so he could retire a bit early and enjoy life a little, all that has been put on hold for another couple of years.

 

[chrisd]

I hadn't see the notice or lack of..
Like I say, only ever seen small bits about retirement as its a few years off, but seem to here generally that whenever the age limit is raised (for me), there is a dob cut off.

Will have a little look to compare hiw it differs to when mens ages are raised.

Either way I'm on the side of retirees. People living longer, doesn't mean they can enjoy the life after retirement if they're too old. Unfortunatepy for most. Early retirement isn't an option

From memory, the 1st changes meant a 65 year old man initially had his pension age raised to 66 but the women went from 60 to either 64 or 65 (cant be sure which)

 

[bobmac]

How much notice did the women have that the date was changing ?

 

[Lord Tyrion]

How much notice did the women have that the date was changing ?

My understanding was it was 1995 so plenty of time. I think the argument is that it was not sufficiently publicised so not enough realised and made provision. Happy to be corrected.

 

[Blue in Munich]

How much notice did the women have that the date was changing ?

Apparently quite a lot if you knew where to look. But then who gets up in the morning and makes checking their state pension age their first job of the day?

 

[chrisd]

Apparently quite a lot if you knew where to look. But then who gets up in the morning and makes checking their state pension age their first job of the day?

And the change was accelerated in the meanwhile

 

[Blue in Munich]

And the change was accelerated in the meanwhile

Surely it shouldn't affect your Mrs, she can't have been born in the early '50's...

 

[Deleted member 16999]

My understanding was it was 1995 so plenty of time. I think the argument is that it was not sufficiently publicised so not enough realised and made provision. Happy to be corrected.

When announced in 95 it was stated it would be phased in over 10yrs beginning in 2010, in 2011 Osborne sped it up, meaning even those who had tried to make provisions were caught out, it also affected tax relief on some pensions and what you could and couldn’t pay in to help in the future.

 

[chrisd]

Surely it shouldn't affect your Mrs, she can't have been born in the early '50's...

The plastic surgery was well worth the money, but under the facade is the body of a 66 year old 😣

 

[Bunkermagnet]

No government wants you to retire.
I have sympathy for these women caught out by this, but I would also suggest they and their males counterparts are probably the last who would also get a final salary pension.
As someone who made provision when I was 20 with a private pension as there was no work scheme, I was greatly impressed when Mr Brown decided he would raid all the pension companies so my pension dropped by 30% overnight, meaning instead of being able to retire between 55 and 60 as planned I now have to go until 67 (or whatever age they move me to).
As I said, I have sympathy but Im afraid also an element of indifference sadly.

 

[chrisd]

No government wants you to retire.
I have sympathy for these women caught out by this, but I would also suggest they and their males counterparts are probably the last who would also get a final salary pension.
As someone who made provision when I was 20 with a private pension as there was no work scheme, I was greatly impressed when Mr Brown decided he would raid all the pension companies so my pension dropped by 30% overnight, meaning instead of being able to retire between 55 and 60 as planned I now have to go until 67 (or whatever age they move me to).
As I said, I have sympathy but Im afraid also an element of indifference sadly.

There are many, like my wife who had a break to raise our child, went to work in a school on fairly low income and had no pension provision but I'm sure that a few may have had top City jobs with good pensions. I guess we should be indifferent to your plight too?