Please sign….. Secretary of State for Work & Pensions to attend settlement talks re ALL #50sWomen! - Sign the Petition! chng.it/fb7MSNNt via @UKChange
Bit late for my 50s woman. She passed away from this life without ever receiving a penny of the pension she paid for - thanks to the Tories' blatant act of theft.
I've never really understood how the campaign is based on equality but wants the pension and seeing back to 60 which was always 5 years earlier than for men. *Edit I realise that sounds like baiting or being a bit of a two-hat but that's genuinely not the intention, I'm genuinely interested to know.
It’s not the principle of the change that’s at issue, but the speed at which the transition took place. I can’t recall the details but the original time scale was brought forward when the tories got into power leaving many women born in the 1950s little or no time to make any alternative pension arrangements
Yes, this is the issue. My wife had it dropped on her at age 58 and given two years notice. She was told it was dropping back to age 64. Shortly before she reached that age she was informed it had changed again to 67. She had to wait the full seven years before getting what she had paid for, losing about £45,000. She had no objection to the equality issue, just the speed and brutality of the decisions. We managed ok but two of her friends didn't. Too sick to be employed and no pension, and a humiliating nightmare seeking benefits when they had paid the money in expectation of a pension.
A reminder that you don't pay money into a pot for the state pension. Workers pay NI to fund the pensions of those currently retired - and when you retire those working will fund your state pension. Unfortunately, its a bit of a Ponzi scheme that relied on the historical trend of having more kids than people retiring. The invention of the contraceptive pill, the NHS and other factors mean we now have too many pensioners and not enough younger workers to pay for them. It was eased a little by free movement and EU workers coming here and working for a few years before returning home. But Brexit and we are now more likely to have immigrants that stay longer making the situation worse for future generations. That is not to say that I don't fully support these women - it is very unfair to change the goalposts with such short notice.
I don’t want or think it should be earlier than men for me but I’ve had my whole life to know it wouldn’t be. The women who the petitions are for are the ones who had no prior warning and therefore time to do things differently. The campaign isn’t to reset it back, it’s to fairly compensate those who have been the most affected.
