UK. Women born in the ‘abandoned decade’ feel ‘penalized’
Official parliamentary figures show that a total of 2.66 million women have lost out due to the changes introduced in the Pension Acts of 1995 and 2011, affecting women born between April 1953 and April 1960.
Shocking statistics show some women in this age bracket have lost on average up to £12,000, according to House of Commons Library figures, due to having their retirement age pushed back.
Under the 1995 Act, the government decided that the pension ages of both men and women would be equalised by 2020, but under the later 2011 Act the coalition government speeded up the latter part of the timetable.
From 2020 both men and women will be entitled to the state pension when they are aged 66, increasing to 67 between 2026 and 2028 and then after that it will be linked to life expectancy.
Full Content: Express
Remember to subscribe to our free weekly newsletter for more news or subscribe to our service to get unlimited access.
