Sign the Petition for Womens state pension age going up unfair

Aegis

jazzyjustlaw wrote: »

I am 44 my view is that anyone who paid into the scheme expecting to retire at a certain age and now won't has been unfairly treated. Not fair to change the rules once you started paying in. I was to retire at 60 now 67.

Unfortunately the state pension needed to be changed. When it was introduced it was very much intended to support someone through their last handful of years after a full working life. With people now regularly living to late 80s, state pension from 60 is just unaffordable - supporting someone with thousands of pounds of inflation-proofed income for over 20 years on average is unaffordable unless you pass the burden onto the next generations (which itself is rather unfair, but understandable).

The fairest way would have been to have make it from when the new ones started paying in the year they changed it but doubt the government could afford it.

This would be completely unworkable. If someone starts paying in at 18, the government would not be able to change the state pension for 50 years based on the current proposals, and if there's a major problem with the funding position of the scheme (which arguably there already is) that's far too long a reaction time.

So, based on this there had to be some point where the changes started to take effect, which has caused some women to feel hard done by. It's not great to be on the receiving end of such changes, but these women are still being tapered into the place where younger women and men will ALL be in the near future, so an element of protection is already in place.

I know loads of people who have died in their 60s before getting state pension I think all men and women should be able to retire at 60.

Who do you think should pay for that ability?

colsten

Pollycat wrote: »

But surely you realise - as a woman born in 1954 - that you weren't given 15 years notice of the extra up to 18 months added on to your SPA that happened as a result of the 2011 changes?

If you've read this thread - or any of the others that have also been started - you will know that most women are not against the 1995 changes that did indeed give many years notice but they do disagree with the 2011 changes that didn't give that degree of notice.

I guess that's what 'all this fuss is about',

I have read this thread, and lots of other stuff on Facebook and Twitter. I applaud and support those people who only talk about the impact on women put into hardship by the 2011 changes. This is light years from what WASPI is about.

torbrex

An overheard statement on a bus back in the early 70s just after decimalisation had come in that is just as relevant to the arguments going on this thread.

They should have waited until all the old people had died before changing it.

merrydance

Well the equal pay act was brought into force in 1970. Therefore shouldn't all the women who have received their pensions at 60 from that date pay in back and have to wait until they are 66 like a lot of us will have to. After all "fair is fair".

jazzyjustlaw

I totally agree its unworkable I was talking about fairness. I wasn't aware at 23 that my pension age was changing. I think I got the information in my late 30s. Yes I did start retirement planning when I was about 19 I think.

I just think 60 is too old for some people to work as they get sick but if that's the case they will get other benefits.

tbh those my age and younger are unlikely to get any state pension. What happens then to the money we paid in?

OldBeanz

jazzyjustlaw wrote: »

...

tbh those my age and younger are unlikely to get any state pension. What happens then to the money we paid in?

It is being used to pay today's pensions which you wish to increase, thanks.

jazzyjustlaw

OldBeanz wrote: »

It is being used to pay today's pensions which you wish to increase, thanks

I think you know perfectly well what I meant!

jem16

dunstonh wrote: »

Those on that other forum should be asked

Oh believe me, I have done. Also been called a few choice names for daring to do so!

1 - what letter did you get to say it was 60?

Either ignore me or tell me their Mum, Sister, Auntie, the cat etc etc has always got their pension at 60 or tell me it's been this way since the 1940s.

2 - As you would have been in your 30s or possibly early 40s at the time, how much interest did you take in financial matters that were 30 or so years away?

We were too busy bringing up children, working ,caring etc etc. Didn't have time to read, watch TV, listen to radio.

Main answer is to dogmatically repeat we didn't get personally notified and there was nothing in the press according to Paul Lewis.

3 - What retirement planning have they done since 1995?

Couldn't plan because nobody told us to. Never earned enough to use a personal pension ( ????? ), having to use our savings and the kids' inheritance.

If people do not take an interest and do no planning then its their own fault.

Not according to them. It's the government's fault and they simply want what they're entitled to.

Anyway some just want back what they've paid in with some interest - if only that could be done think of all the money saved.

So basically, stick head in the sand and say it's everybody else's fault that they didn't know about 1995.

bmm78

It's interesting to see that WASPI supporters on twitter are now looking towards constructive solutions.

The proposal above is doing the rounds and seems to be getting murmurs of agreement. Equalisation is phased in over a 15 year period to 2025, with men's SPA staying at 65. Equalised SPA will then rise quicker than currently projected, reaching 68 in 2034.

While it may seem unfair to speed up increases for future generations to spread equalisation over a 30 year timetable, this apparently isn't a problem as they will have "notice" and time to "prepare".

colsten

jem16 wrote: »

having to use our savings and the kids' inheritance.

Let's increase the NI working people (incl. my kids, and may be even incl. myself) pay so I can leave my kids some money and don't have to use my rainy day funds.

Perfect logic.