WASPI - Women Against State Pension Inequality

colsten

Pollycat wrote: »

I believe in the e-petition debate Mhairi Black stated that WASPI didn't want the 1995 act 'undone' but that's exactly what they stated originally.

Unfortunately, Mhairi Black seems to be rather confused as to what she is talking about. I haven't ever heard her mention 1995, but I definitely heard her say that some women have had 6 years added to their pensions age. So this definitely includes 1995. In common with every other MP that seems to support the campaign, and in common with WASPI itself, she also seems to have absolutely no idea how much the demand would cost, and at whose expense the money would be found.

jem16

colsten wrote: »

In common with every other MP that seems to support the campaign, and in common with WASPI itself, she also seems to have absolutely no idea how much the demand would cost, and at whose expense the money would be found.

Of course the SNP don't really care about the cost as they'll never be in a position to actually have to fund it. It's not surprising that SNP MPs are supporting - just their way of getting at Westminster.

monkeyspanner

Debt_Free_Chick wrote: »

That is to determine whether NIC is set at a sufficient level. It also evaluates the contracted out NI rebate.

The only "reserve" is approx 16.7% of this years expected benefit expenditure, as a buffer, in case of higher claims. That buffer is only about 2 months payments, so quite modest

The minimum reserve is one sixth of anual expenditure. BUT the fund has been substantially higher than that in past years.

Sugartoes

The main bone of contention is that those born in the 1950s (who began working in the mid-60s to 70s) did not have equality with men at that time - they were not paid the same rate for doing the same job. This of course mean't that they could not save as much as the equivalent man into pensions savings in those earlier years, and are now being penalised again at the other end of their careers. As I understand it the relevant Equality Act came into force in 1975 however in 1978 it still wasn't being properly enforced. As many of them were not given adequate notice of the change of retirement age, they were not given enough time to make alternative provision. Therefore this cohort have suffered a double whammy - at each end of their working lives - would it not perhaps be fairer to restore their retirement age and make the changes from when the Equality Act came into force?