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1140630
star this property registered interest false more like this
star this property date less than 2019-07-19more like thismore than 2019-07-19
star this property answering body
Department for Work and Pensions more like this
star this property answering dept id 29 more like this
star this property answering dept short name Work and Pensions more like this
star this property answering dept sort name Work and Pensions more like this
star this property hansard heading State Retirement Pensions: Females more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Work and Pensions, what steps he is taking to compensate women born in the 1950s who were adversely affected by changes to the state pension age. more like this
star this property tabling member constituency Coventry South more like this
star this property tabling member printed
Mr Jim Cunningham more like this
star this property uin 279380 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2019-08-12more like thismore than 2019-08-12
star this property answer text <p>Successive Governments have made necessary decisions to equalise and increase the State Pension age. State Pension age reform has focused on maintaining the right balance between sustainability of State Pension, equality and fairness between generations in the face of demographic change.</p><p>Even after equalising women’s State Pension age with men’s, women will spend on average around 2 years more in receipt of their state pension because of their longer life expectancy. If we had not equalised State Pension age, women would be expected to spend on average over 40 per cent of their adult lives in retirement.</p><p> </p><p>During the passage of the 2011 Act, the Government listened to the concerns of those affected and this is why we introduced a concession worth over £1 billion in order to limit the impact on those women who would be most affected by the changes. This concession reduced the proposed increase in State Pension age for over 450,000 men and women, and means that no woman will see her pension age change by more than 18 months, relative to the 1995 Act timetable.</p><p> </p><p>For people who simply can’t work, our welfare system will continue to provide a strong safety net, as it does for people of all ages now. Any women experiencing hardship, including problems such as unemployment, disability, and coping with caring responsibilities, can already claim support from the welfare system. The Government is committed to supporting the vulnerable and spends over £50 billion a year on benefits to support disabled people and people with health conditions.</p><p> </p><p>The new State Pension is more generous for many women. Over three million women stand to gain an average of £550 extra per year by 2030 as a result of recent State Pension reforms.</p>
star this property answering member constituency Hexham more like this
star this property answering member printed Guy Opperman more like this
star this property question first answered
remove filter
star this property answering member
4142
star this property label Biography information for Guy Opperman more like this
star this property tabling member
308
unstar this property label Biography information for Mr Jim Cunningham more like this