Sign the Petition for Womens state pension age going up unfair

POPPYOSCAR

OP you have achieved your aim.


The 100,000 has been reached.

SnowMan

patanne wrote: »

I can't find out what is going to happen about graduated pension. Is this going to form part of the foundation amount? If so is this also being equalised? Yes I know it is a bit off topic!

Graduated pension (or Graduated Retirement Benefit) was earned between 1961 and 1975 and is treated in the same way as any other element of additional state pension so is payable from State Pension Age as per all the other elements of State Pension.

When they work out the starting amount at 6th April 2016 (foundation amount) then they do a calculation on the current and new basis and pay the higher.

The current calculation is made up of Basic State Pension plus additional state pension. That additional state pension is made up of SERPS, S2P and graduated pension.

patanne

SnowMan wrote: »

Graduated pension (or Graduated Retirement Benefit) is treated in the same way as any other additional state pension so payable from State Pension Age as per all the other elements of state pension.

When they work out the starting amount at 6th April 2016 (foundation amount) then they do a calculation on the current and new basis and pay the higher.

The old calculation is made up of baisc state pension plus additional state pension.

That additional state pension is made up of SERPS, S2P and graduated pension.

I was wondering if it did get included then did a woman still get less. Many years ago a woman only got £1 for every £9, whereas a man got £1 of every £7 even though a wife could inherit, which seemed a bit biased. It has changed slightly over the years but the last info I had men still got a fair bit more. After all if it is inheritable life expectancy doesn't come into it.

JezR

The difference between the woman's rate (£9) and men (£7/10/0) per unit for graduated pension was supposed to reflect both the difference in life expectancy and retirement age. Only people in their mid 50s or older will have any grad.

SnowMan

patanne wrote: »

I was wondering if it did get included then did a woman still get less. Many years ago a woman only got £1 for every £9, whereas a man got £1 of every £7 even though a wife could inherit, which seemed a bit biased. It has changed slightly over the years but the last info I had men still got a fair bit more. After all if it is inheritable life expectancy doesn't come into it.

I'm not an expert on graduated retirement benefit but the amounts are generally very small. I think you are right that there was some inequality in that it cost £9 for each unit for a woman and £7.50 for each unit for a man.

patanne

They weren't a large amount I know, but if I had been a man I would have got a pound a week more, but then I could have retired at 60 if I wanted to so I counted that as fair enough. But there are women still retiring having paid grad pension whose SPA is over 60 and different life expectancies are narrowing now too. That is why I wondered what was happening to it.

Pollycat

POPPYOSCAR wrote: »

OP you have achieved your aim.

The 100,000 has been reached.

Nah, the OP just jumped on someone else's bandwagon.
MSE started a thread about this on 14th December - and there were already 50k signatures on the petition at that time.

SnowMan

patanne wrote: »

They weren't a large amount I know, but if I had been a man I would have got a pound a week more, but then I could have retired at 60 if I wanted to so I counted that as fair enough. But there are women still retiring having paid grad pension whose SPA is over 60 and different life expectancies are narrowing now too. That is why I wondered what was happening to it.

If we assume the average amount of GRB (for a female who qualifies for some GRB and reaches SPA post equalisation) is say £1pw then the affect of the inequality is perhaps about £10 per year in State pension. Practicality considerations and pragmatism could be used to justify ignoring this. There are much bigger issues being swept under the carpet.

patanne

SnowMan wrote: »

If we assume the average amount of GRB (for a female who qualifies for some GRB and reaches SPA post equalisation) is say £1pw then the affect of the inequality is perhaps about £10 per year in State pension. Practicality considerations and pragmatism could be used to justify ignoring this. There are much bigger issues being swept under the carpet.

I quite agree. It was one of those passing thoughts that may have been better left unvoiced!

Layny

Hi Goldiegirl, Paul Lewis wasn't fudging the facts about when the SPA for women reaches 66 as I have just had a forecast from the DWP. I was born in Oct 1955 and don't get my pension until aged 66. :mad: I truly wish you were right!