Government wreaks NHS pension

mgdavid

EdGasketTheSecond wrote: »

.......

https://www.theguardian.com/money/2016/jan/09/state-pension-inequality-cost-women-20000-campaign

Quote: "“Women were given as little as one year’s notice of up to a six-year increase to their state pension age,”.......

As if one needed further proof that The Guardian frequently writes and prints utter rubbish. The above is factually incorrect and is so far out to be laughable.
Notice of the increase from 60 to 65 was made in 1995 thus giving the affected women close to 20 years to replan retirement financing.

Paul_Herring

EdGasketTheSecond wrote: »

Ah but they did plan. They planned to retire at 60 and have been denied approx £30K of pension they were originally entitled to. See:

Is that like how the government 'saves taxpayer's money' by not taking so much of it in tax to begin with? It's utter sophistry.

https://www.theguardian.com/money/2016/jan/09/state-pension-inequality-cost-women-20000-campaign

Quote: "“Women were given as little as one year’s notice of up to a six-year increase to their state pension age,”

I eagerly await The Guardian article whereby they misleadingly claim that "Women were given no notice whatsoever; indeed some women had to hand back pensions they'd already received because the change was made retroactively."

It would be as accurate as that claim.

EdGasketTheSecond

mgdavid wrote: »

As if one needed further proof that The Guardian frequently writes and prints utter rubbish. The above is factually incorrect and is so far out to be laughable.
Notice of the increase from 60 to 65 was made in 1995 thus giving the affected women close to 20 years to replan retirement financing.

Maybe technically the information was out there but most normal working women were totally unaware and it came as a complete shock. I certainly know women in that category who are intelligent, work hard, but were completely unaware of this pension age change.

bugslet

EdGasketTheSecond wrote: »

Maybe technically the information was out there but most normal working women were totally unaware and it came as a complete shock. I certainly know women in that category who are intelligent, work hard, but were completely unaware of this pension age change.

Bar sending people round to physically knock on the door and sit down and have a nice cup of tea with them, what more should they do?

I say that as a woman who left school with a retirement age of 60, now looking at 67 ( maybe more before I get there in another 15 years). I wasn't and still am not in the financial/pensions industry, I was running three vans in 1995. But the bottom line is people decided it was far enough off not to have to think about, however you choose to dress it up.

dunstonh

EdGasketTheSecond wrote: »

Maybe technically the information was out there but most normal working women were totally unaware and it came as a complete shock. I certainly know women in that category who are intelligent, work hard, but were completely unaware of this pension age change.

Perhaps those ones you mention had little interest in their retirement planning in their 30s and early 40s as it wasnt something that affected them straight away.

I dont thnk you can say most did not know. I would estimate it was a minority that didnt know and a number are now jumping on the bandwagon as they see £££.

Paul_Herring

EdGasketTheSecond wrote: »

Maybe technically the information was out there but most normal working women were totally unaware and it came as a complete shock. I certainly know women in that category who are intelligent, work hard, but were completely unaware of this pension age change.

http://researchbriefings.files.parliament.uk/documents/CBP-7405/CBP-7405.pdf
https://www.publications.parliament.uk/pa/cm201516/cmselect/cmworpen/899/89906.htm

a DWP Research Report in 2004 found that some 73 per cent of respondents aged 45 to 54 were aware that the government was increasing women’s SPA. . However, only 43% of those affected were able to identify their own SPA as being 65 years or between 60 and 65 years.

73% of respondents knew about it, only 43% affected bothered doing anything about looking it up.

Make of that what you will.

I make no comment on selective amnesia, beyond pointing out it's been pointed out before.