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Showing posts from September, 2017

Women's Pension Loss of over £50,000

Many women born in the 1950s have seen their incomes dive because they expected to receive their state pension at age 60 and were astonished to discover, without adequate notice for any preparation, that their pension age was to be increased to 65. 3.4 million women have been affected by the lack of notice of the 1995 and 2011 Pensions Acts and t he Government did not observe an appropriate timeframe for this change. Worse, the state pension was further increased, to 66 for some and 67 for others. Women affected by these changes are advised to write to the DWP where over 700 complaints are being investigated in October 2017. The WASPI (Women Against Pensions Inequality) campaign provides guidance on how to complain. See http://www.waspi.co.uk/action The cancellation of these pension payments at the April 2017 state pension rate of £155.65 per week means a loss to each of these women of £8,093 per year, totalling £40,469 for the 5 years, £48,563 for 6 years, and £56,657 for 7