Increase in State Pension Age

seven-day-weekend

AFAIK, MP's State Retirement age is the same as everybody else's. Yes, they can take the Occupational Pension earlier than that, but so can many other people.

My husband took his Teachers' pension when he was 55. He has only this year been eligible for his State Pension, despite being retired for ten years. Nothing unusual there!

lisyloo

What is the betting that will be 70+ by the time I get there

and?............What is the issue with you working longer if you're being given extra life and extra health as a result of medical advances?
When the welfare state was introduced the majority never made it to 70.

BTW - you can retire whenever you choose........you just need to save up enough. I plan to retire before my state pension age. I'm planning on doing that by doing something about it and saving up. There are many variables including my health but I figure saving up is better than moaning.

So - if you want to retire earlier - stop posting and get a second job !!

Harsh?
To be honest I think expecting 30 years sat on your behind is a little excessive and you should be willing to put a little more effort in yourself than expect it to be provided for you.

Whether you agree with me or not - it's definitely in your own hands.

lisyloo

All these years women have fought for equality and you'd like us all to take a step back for YOU?

atush - please be aware that we all (women) don't take that view.
Actually (intellectually) I think women should work longer, but I can't see that being popular or acceptable.

haras_nosirrah

Where did I say I was complaining and why are you quoting me lisyloo?

I Am saying people should make their own provisions and not rely on the state pension

As someone who is currently putting 65% of my salary into my pension I am certainly doing enough to retire when I choose

OldBeanz

I think there were a number of issues which were not addressed when the pension age was increased.
The main issue was there was no pension available which would have front loaded the extra 5/6 years allowing women to save to retire at 60. It is only now with GO giving free access to pensions that this will be available.

lisyloo

and why are you quoting me lisyloo?

err....when I reply to something I quote it.
Makes it easier I think.

I Am saying people should make their own provisions and not rely on the state pension

Great.........and apologies if I misunderstood.
Sorry I didn't see where you made that point..........apologies if I missed it.

I'm putting in about 37%. Not as much as you, but yes absolutely we need to take matters into our own hands.
Whilst I understand the public purse cannot allow more, I do not wish to work (full time) until I'm 66/67 or whatever the age will be when I get there.
Like you I fully accept that it's down to ME to provide the money.

Glad that point is made now........and apologies again if I missed where you made it.

haras_nosirrah

haras_nosirrah wrote: »

Since it was announced in 1995 that the state pension age for women was equalising to 65 then I wouldn't count 19 years as especially short notice. It was then announced in 2007 that it was going to 66 - again not short notice

In 1940 when the pension age was put at 65 and 60 the life expectancy was early 70's. It is not mid 80's with many going past 100. That could mean some people spending longer in retirement than actually working. We cannot afford it

When the pension was first introduced it was an old age pension and was set at age 70 which was the life expectancy of the time. People also need to make their own arrangements and not rely on the state pension or they will be spending a 3rd of their lives in poverty

This was my preceding post

atush

lisyloo wrote: »

atush - please be aware that we all (women) don't take that view.
Actually (intellectually) I think women should work longer, but I can't see that being popular or acceptable.

I wasn't speaking for we all or for you really. I was speaking for me.

I have long been in a man's world and made my way. I asked for equality, and then got it. Not gonna ask for special perks now- either the genders are equal or they are not. Period.

We were given equality- if it isn't completely across the board then fight against what you find. Do not fight the equality that does not pander to special interests.

Men and women should have equal pension ages.

JezR

Prior to 1940 pensions were paid to both sexes at 65. The reduction was made at the time mainly because men in general married younger women, and the married man's pension required both to be over 65. There were a number of insured single women and they also got to receive their pension at 60. Back then the state pension was for the working class - you could not be insured if you earned over £250 a year, and the pension of 50p a week was only paid in full at 65 if your other income was no more than around 50p a week. Of course women older than their husband had to wait until their husband was 65, as still is the case for those with insufficient personal contributions.

The first report advising abolition of a differential pension age was in 1954 but it was always going to be a difficult political move. Being able to hang this on 'Europe' was the get out of this in the end.

real1314

jiltedpensioner wrote: »

[FONT=&quot]kidmugsy, the new higher pension to which you refer requires 35 years NI contributions but even then the Department for Work and Pensions have confirmed that some workers will be denied the full amount. Despite the fact it was introduced to simplify the pension system, it's starting to look a bit of a muddle.
[/FONT]
[FONT=&quot]Yes, real1314, you are absolutely right the Coalition did promise no increase in pension until 2020 but they have broken that promise. Men and women born after 6 October 1954 will now retire at 66 years. Don’t take my word for it, there is a state pension age timetable on the government website.[/FONT]

OP -

And what year is actually 66 years later than 1954?

Do you need a clue? It's 20-something and it's something-20.

It's a 2 digit number repeated.....

Yes, that's right; It's 2020.

Oh, hang on, isn't that the year that the coalition said they wouldn't increase the pension age before? And those swines have gone and increased the pension age from the year that they said they wouldn't do it before. Wow.

I'll note that you haven't commented on the lies and deceptions in the petition, therefore you have no rebuttal.

You are peddling gutter politics of the worst kind.