12 FEB 2016

Woman’s State Pension Age

I firmly believe people who have worked hard all their lives deserve security in their retirement. That is why the Government has applied a 'triple lock' to the basic State Pension, which is now £1,100 per year higher than in 2010. For those reaching State Pension age after April 2016, a new State Pension is being introduced at a single, flat rate of £155.65, which will also be triple locked. All those women affected by the 2011 State Pension age changes will receive this new pension, which is much fairer to women than the current system and will mean 650,000 women will receive an average of £8 per week more in the first 10 years.

Equalising the State Pension age was necessary to meet the UK's obligations under EU law to eliminate gender inequalities in social security provision. The Pensions Act 1995 legislated for this to be done gradually after 2010. Following sharp increases in life expectancy projections, the Government had to accelerate this process slightly in the Pensions Act 2011 to secure the sustainability of the system.

On the issue of notice being given to those affected, the Department for Work and Pensions is clear that all those women affected were written to between January 2012 and November 2013. Those affected by the 1995 changes were also contacted between April 2009 and March 2011.

Higher life expectancy does mean that as a society we will have to adjust to slightly longer working lives, but it is right to ensure at the same time that people have security and dignity when they do retire. That is why the Government will continue to provide unprecedented support for people in later life, including the triple lock and maintaining universal benefits such as the Winter Fuel Payment. The Government adjusted its proposals in 2011 to mitigate the impact on those worst affected by the State Pension age.

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