Ladies, take note of the Pensions Spending Review

Pollycat

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'.

I'm 57 and have also been aware for years that I wouldn't get my State pension at age 60.
I'm only surprised that the legislation was as late as 1995.

Where have these women been for the last umpteen years?

However, the situation is not helped by the appalling reporting on so-called 'lifestyle' programmes who witter on saying a woman would have to work an extra 6 years before she got her State Pension (66 instead of 60) because of these recent changes.

But Hey! Let's not allow the truth to get in the way of a 'good' story.

seven-day-weekend

I don't understand why they don't know either.

I know a woman in her 40s who until recently thought she would get her Pension at 60.

It's hardly the Government's fault if she never reads a newspaper or hears the News, is it?

dunstonh

I'm only surprised that the legislation was as late as 1995.

It was in consultation and had to go through the usual process which meant it was on the agenda and being discussed many years before 1995. So, thats why it probably feels longer than it was.

However, the situation is not helped by the appalling reporting on so-called 'lifestyle' programmes who witter on saying a woman would have to work an extra 6 years before she got her State Pension (66 instead of 60) because of these recent changes.

Some of the reporting has been very poor. Look at this from Saga
http://www.saga.co.uk/money/news/ros-altmann-good-and-bad-news-for-pensioners-from-chancellor.asp

in particular: "Over the next ten years, women's state pension age will increase by six years, from 60 to 66. Over that same ten years, men's state pension age will increase by just one year, from 65 to 66. Is this fair? I am not quibbling with the concept of equalising men and women's pension ages, but the speed of change is harsh for women. After much talk of men's pension age rising by one year in 2016, the reality is that Government has given men a reprieve, but it is women who are paying for that by a more rapid rise in their pension age."

Pollycat

Dunstonh
that is a really appalling (and VERY misleading) article.

No wonder women are confused if they are reading rubbish like this.
It makes it sound like this change from 60 to 66 for women has only just come about.

'Speed of change'?
Total tosh!

Saga and Ros Altmann - you should be ashamed of yourselves. :mad:

mjm3346

dunstonh wrote: »

Some of the reporting has been very poor.

in particular: "Over the next ten years, women's state pension age will increase by six years, from 60 to 66. Over that same ten years, men's state pension age will increase by just one year, from 65 to 66. Is this fair? I am not quibbling with the concept of equalising men and women's pension ages, but the speed of change is harsh for women. After much talk of men's pension age rising by one year in 2016, the reality is that Government has given men a reprieve, but it is women who are paying for that by a more rapid rise in their pension age."

What an understatement "very poor", more like it has dropped fresh from the rear end of a male cow.

jamesd

That's a pretty poor advocacy piece, largely ignoring the recent change announcement being linked to a possible increase to an adequate pension of £140 a week, at which level it's not hard to live decently, plus all work and personal pensions that have been accumulated over a working life.

wotsthat

That's a pretty poor advocacy piece, largely ignoring the recent change announcement being linked to a possible increase to an adequate pension of £140 a week, at which level it's not hard to live decently, plus all work and personal pensions that have been accumulated over a working life.

There's an argument being put forward along the lines of it's better to retire later as this will lead to better state & personal provision. This might turn out to be true but:

- state pension age IS going to increase. State pension provision MIGHT increase. Until it's in the bank you are relying on a government promise

- any improvement in state provision will be in part down to those kind hearted souls who work until they are 68, drop dead and don't get to enjoy any retirement.

Lets_Say_2

Pollycat wrote: »

on so-called 'lifestyle' programmes

What's a 'lifestyle' programme?

dunstonh

Lets_Say wrote: »

What's a 'lifestyle' programme?

The stuff women watch whilst doing the ironing.....


I'm going to get slapped at this rate

jem16

dunstonh wrote: »

The stuff women watch whilst doing the ironing.....


I'm going to get slapped at this rate

With the iron I've no doubt.