Women’s state pension age rises to 65

Women qualify for their state pensions at the same age as men – currently 65 – from today. The pension age has been harmonised for both genders, 25 years after the plan was initiated by John Major’s government.

In October 2020, the state pension age changes to 66 for both genders and is expected to increase to 67 from 2026.

The Department for Work and Pensions proposed a new timetable for state pension changes in the summer which, if taken forward, would see the minimum age people can claim their state pension increase to 68 between 2037 and 2039 – earlier than under current legislation, which states it will rise between 2044 and 2046.

When the proposed timetable was announced in July, former work and pensions secretary David Gauke said the government needed to ensure the pensions system was fair, sustainable and “reflective of modern life”, as the population continues to age.

Earlier this year the Office for National Statistics said the number of people over state pension age in the UK is expected to grow by one third between 2017 and 2042.

The state pensions age changes have saved the Treasury £30bn, according to the BBC.

However, campaign group Waspi (Women Against State Pension Inequality) has claimed that the short notice changes have caused “significant hardship” for many women, as many did not know about plans to increase the age at which they were able to draw their state pension.

It also noted that women often have lower wages and broken employment periods.

The campaign group told the Guardian: “Clearly, equalisation is not simply just about the age you reach retirement, but also about your ability to accrue a full state pension entitlement, and generate a private pension to have any hope of security in retirement.”

Last month the High Court ruled that Lloyds Banking Group must pay up to £150 million to female members of its pension scheme after three women complained that their pension incomes were increasing at a lower rate than those of their male colleagues.

2 Responses to Women’s state pension age rises to 65

  1. Avatar
    Ann Taylor 13 Nov 2018 at 10:22 pm #

    Harmonise you have to be kidding. No harmony – 39% less on retirement goes to women.
    1950s women did ALL childcare which enabled men to get larger pension.
    Then they call this equality?
    Harmonise, bloody harmonise!

  2. Avatar
    Richard 30 Nov 2019 at 2:03 am #

    Sorry Ann,but most of the women who did “most of the childcare in the 1950’s” are well into their retirement now ! This argument is about women from the 1970’s who had plenty of notice about the changes to the pension age for women. This change was first mooted by the Major government in the 1990’s, so please don’t pretend that you have been “surprised”. As I schoolboy, I grew up in ignorance that my female school classmates would retire five years before me and all the ramifications of that fact. Only when I was nearing retirement did I find out from a female colleague of the same age that she intended to not retire at sixty but would work on until she was sixty-five as she would gain a nine percent increase in her pension for every year she worked past her retirement age of sixty. In other words she would retire with a state pension worth forty five percent more than mine for the same years of contribution! Is that fair??? Is that equality??? Do you really want to perpetuate that unjustified discrimination against men? Or do you just want the cut-off date for change to be your sixtieth birthday??
    Also, don’t forget that under the terms of the harmonisation legislation put into law by that great one sided champion of female rights, Harriet Harman, women were “gifted” contribution years for all the years they spent as “stay-at-home mums” and the number of qualifying years for a full pension reduced. Please reconsider your position!

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