MSE News: Government stands by pension change plans

This is the discussion thread for the following MSE News Story:

"The Government says it intends to press ahead with plans to raise the state pension age for women from 60 to 65 in 2018 ..."
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  • 50Twuncle
    50Twuncle Posts: 10,763 Forumite
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    An important question

    What is the retirement age of MP's and what are their T&C of retirement ?
  • gadgetmind
    gadgetmind Posts: 11,130 Forumite
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    65 sounds sweet: it'll be 66 by the time my wife and I get our state pension, assuming HMG hasn't gone bust by then.
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  • Andy_L
    Andy_L Posts: 12,781 Forumite
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    21Twinkle wrote: »
    An important question

    What is the retirement age of MP's and what are their T&C of retirement ?

    60 or 65 depending on when they joined, the same as most DB pension schemes.

    Since they will receive the state pension at the same age as anyone else why is this relevant?
  • ffacoffipawb
    ffacoffipawb Posts: 3,593 Forumite
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    21Twinkle wrote: »
    An important question

    What is the retirement age of MP's and what are their T&C of retirement ?

    Regarding the former, are you referring to actual age or mental age?
  • Le73Uq86Uv
    Le73Uq86Uv Posts: 336 Forumite
    edited 20 June 2011 at 4:51PM
    Am I missing something here?

    They want people to plan for retirement and have a pension but here we are moving the goal posts around again, how can anyone make a plan when some third party keeps changing the rules.

    Its a big Con/Dem

    And by the way MP's did not change their pension indexing from RPI to CPI. Lets have it one for all and all for one.
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  • RichandJ
    RichandJ Posts: 1,087 Forumite
    Andy_L wrote: »
    60 or 65 depending on when they joined, the same as most DB pension schemes.

    Since they will receive the state pension at the same age as anyone else why is this relevant?

    It's not, of course, except for the comforting thought (to some) that 650(ish) people & their pay & pension arrangements are responsible for all the problems of this country.

    The other 60(ish) million are completely blameless and are totally under the control of the aforementioned 650(ish). Of course.
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  • pandora205
    pandora205 Posts: 2,934 Forumite
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    edited 20 June 2011 at 10:10PM
    I'm one of the cohort of women who will be most significantly affected as when the changes were made in 2007 mine rose to 63 and now's it's changed to 65. That's a big jump for someone a few years off retirement.

    It sounds like there is some dissent though (but I haven't heard the late evening news so I may be wrong on this).

    Calculations are here for anyone else in the age group:
    http://www.direct.gov.uk/en/Nl1/Newsroom/SpendingReview/DG_192159
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  • StephenM_2
    StephenM_2 Posts: 373 Forumite
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    pandora205 wrote: »
    I'm one of the cohort of women who will be most significantly affected as when the changes were made in 2007 mine rose to 63 and now's it's changed to 65. That's a big jump for someone a few years off retirement.

    Your state pension age went up to 63 in 1995, not 2007.
  • pandora205
    pandora205 Posts: 2,934 Forumite
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    StephenM wrote: »
    Your state pension age went up to 63 in 1995, not 2007.

    Sorry, that is correct. It was my LGPS pension details that changed then.
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  • Butterfly_Brain
    Butterfly_Brain Posts: 8,862 Forumite
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    I am one of those who fall foul of the new pension rules and have had 6 years put on to my working life, I would like to see a man stand for it; at least theirs is only going up by 1 year
    :mad::mad::mad::mad::mad::mad::mad::mad:
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