Ladies, take note of the Pensions Spending Review

molerat

Something us men have had to put up with for years, I thought women wanted equality in the workplace :cool:

dunstonh

What about those of us who will find it difficult to work those two extra years, not because of any specific health problem, but as we get older we are not so quick mentally as younger colleagues around us. I'm 56 and I'm already aware that I am not as quick mentally as I once was and I know a lot of people in the same boat.

You do what men have done for 50 years. Either put up with it or put money aside so you can finish earlier.

mjm3346

Cambridgegirl wrote: »

What about those of us who will find it difficult to work those two extra years

Rises through to a retirement age of 68 were already in place, this is just bringing it forward.
It is safe to assume that the problems some people may have working through to 68 will already have been taken into account - yeah right - litter squad anyone?

Cambridgegirl

Cambridgegirl wrote: »

What about those of us who will find it difficult to work those two extra years, not because of any specific health problem, but as we get older we are not so quick mentally as younger colleagues around us. I'm 56 and I'm already aware that I am not as quick mentally as I once was and I know a lot of people in the same boat.

I could probably just about manage 64, but to have to work another two years I'm not sure that I will be up to scatch in my current job. Plus we are also blocking jobs that could be done by younger people who are still trying to establish themselves in the job market (I have a 24 year old daughter in this position). Not to mention all these people the government think should be back in the job market i.e. those with disabilities!

To be honest I wasnt thinking of this just from a woman's perspective, I have male friends the same age as myself who were expecting to retire at 65 and who now find they have to work an extra year!

mjm3346

Cambridgegirl wrote: »

To be honest I wasnt thinking of this just from a woman's perspective, I have male friends the same age as myself who were expecting to retire at 65 and who now find they have to work an extra year!

At least at the moment they do not have to wait to reach 68 before getting the state pension.

wotsthat

Cambridgegirl wrote: »

To be honest I wasnt thinking of this just from a woman's perspective, I have male friends the same age as myself who were expecting to retire at 65 and who now find they have to work an extra year!

There does seem to be limited (to say the least) sympathy on these boards although that's not entirely unexpected as I'd expect that the posters here are going to be more conservative, older and male than the population in general.

mjm3346

wotsthat wrote: »

There does seem to be limited (to say the least) sympathy on these boards

Sympathy for what? loss of a loved one? House burnt down? Terminal illness? Made redundant? Pet destroyed?


A very very small percentage of the population (OP concerned with "women born between 1953 and 1955") will have to wait a little longer before they get the state pension. They will still be getting it at a younger age than most and if they have the means they do not have to keep working anyway.

What about men and women who wanted to retire at 50 and now have to work to 55. A far bigger and more abrupt increase, if you missed out by one day you still have to wait the full 5 years.

jamesd

Trix2, worth checking when the rules are finally put into law. As for covering the gap, chances are that you'll be better off under the new rules, so you might consider a loan and repaying out of the higher income, or delaying making mortgage overpayments or stoozing if you can't save or invest enough to cover the gap.

Lets_Say_2

parcival wrote: »

My wife is in the same boat - born August 1955. It was not all that long ago that she was expecting to get the state pension at 60. Then it was raised until 65 and now 66.

I seem to remember that Duncan Smith said that he recognised that a relatively small number of women would be hit twice by the latest increase - however he has chosen to ignore it.

He is getting a letter and I suggest that everyone else drops him a line....

My birth date is August 1955. I have known for years that I would have to work until 65 - not quite sure how you can term this 'not all that long ago'.

dunstonh

Lets_Say wrote: »

My birth date is August 1955. I have known for years that I would have to work until 65 - not quite sure how you can term this 'not all that long ago'.

For some people 15 years is not too long ago