News on 1950s women’s Pension

[Immaculatemisconception]

Women's state pension: Compensation closer for Waspi campaigners www.bbc.co.uk/news/business-57900320

@CarpeVitam, I agree.
To be fair there are a lot of very sensible posts from those who obviously are not born in the 1950’s, so thanks to those who understand what the issue was/is.
Maybe I haven’t explained myself very well. I don’t expect anyone to feel sorry for me! I don’t expect to “ get more than I am entitled to”. Merely pointing out the timescale.
The poster who said most young people have taken the default position that they won’t ever get a state pension, well, I took the default position in 1975 that I would get my state pension aged 60.

@Lockdownbear, possibly not in the same role as they were in previously though? They may be physically unable for that role and change as necessary?

@Iamthewombat

Agitating for more money for yourself, at the expense of younger women, is not sisterhood.

How is this done at the expense of younger women? Do tell.

My daughters in law and step daughters don’t think it would be at expense of them when we talk about the waspi campaign.

@echt who do you think is paying for this mythical compensation?

People’s pension contributions aren’t put into a nice little bank account marked for your personal use the second you hit retirement.

It’s people (women) who are working now that will pay for this compensation if any is provided, in the same way that it’s people who are currently working that are paying the pensions of those retired.

There isn’t a big enough pool of people paying in to support everyone who wants to take out - levelling up men’s and women’s retirement age saved a bloody fortune in pension payments - a fortune that would otherwise have had to come from increased tax on those working.

I do think this attitude contributes to so many people feeling hard done by at the delays - like the government has held onto their particular pot of money.

Maybe we shouldn’t call it pension contributions, we should just tax people more instead of taking pension contributions and call it a rebate once you hit a certain age.

Obviously the age needed to increase, that’s not being denied. Most of us are enjoying a long life than the generations that went before us who didn’t get to claim a state pension for long.
Every generation experiences different changes
My grandparents all died in their 60’s, 2 of them not living long enough to collect any pension at all.
My parents who died within the last couple of years enjoyed a state pension for over 25 years! I don’t recall once thinking I’m paying for this!

Well, whether or not you thought “I’m paying for this!”, the fact is that it’s today’s workers who are paying for state pensions currently in payment.

As @MythsandSparkles notes, this is why the compensation the WASPI women are campaigning for will be paid by today’s workers and by younger people just starting work now. The WASPI women themselves won’t be paying, of course, because they are all at state pension age now and hence won’t be paying NI.

Don’t give me the sisterhood and solidarity nonsense.

Not all of the waspi women are at state pension age! Some are still paying NI

What about people who planned their life on getting child benefit before it was stopped for higher earners without much warning. It had to be done but they didnt get years of warning. Its a non starter. They won't get anything.

People’s pension contributions aren’t put into a nice little bank account marked for your personal use the second you hit retirement.

A surprising number of people seem to think this. Without questioning how their own NI contributions over their working lives, when aggregated, could possibly pay for them to receive state pension for 20 + years. It would cost £187k per person, and that is at today’s prices. The fairy fund managers investing the money must be pretty switched on, eh? The average person won’t have paid a quarter of that in NI contributions.

Somebody upthread wanted the state pension to be increased to £30k per annum, like in Germany. And paid from age 60, naturally (we’re departing from the German model here, because they have moved their pension age out to 67, but never mind that!). You don’t need me to tell you that the cost would be £600k per person for 20 years of state pension. Income tax and NI rates for the poor sods still working to pay for this would have to rise to stupid levels.

@korawick12345 @OceanTurtles I am guessing, maybe wrongly, that you are both not eligible for state pension just yet. Let's just hope when you are eligable the government doesn't just add a few more years of working just before you are supposed to retire. If the government get away with it for the women born in the 50s, they are far more likely to think they can get away with it for you too.

@Knittingnanny

Not all of the waspi women are at state pension age! Some are still paying NI

The vast, vast majority of the WASPI women, which is not the same as ‘women born in the 1950s’ but means the women whose state pension age moved by 12-18 months in the 2011 Pensions Act, are receiving state pension now. If you were born in May 1954 you’d have got your state pension in January 2020.

Even if you were part of the later cohort and want to be considered a WASPI, do you genuinely think that the NI you have paid over the period between your ‘old’ (1995 rules) and new (2011 Pension Act) state pension age will come anywhere near covering the cost of the compensation you are asking for?

Let's just hope when you are eligable the government doesn't just add a few more years of working just before you are supposed to retire

For the tenth time, it was not “just before you were supposed to retire”. A woman born in December 1953 had seven years’ notice compared to her ‘old’ (1995 rules) state retirement date and almost nine years to plan before her actual (2011 pension act) state retirement date. The changes were notified in 2010.

Iamthewombat

If you’d stuck with it, you might have ended up with a better salary, and a better career, and you might have been able to make better private pension provision. Instead of acting the victim and saying, “what was I supposed to do?” and “life was so hard for women then, we had no opportunities

The job didn’t pay enough to keep a roof over my head so the only place a job would have got me is living on the streets.

Maybe you had access to a job that covered your rent or you had other people to house you when you were 16-17

I know I wasn’t the only one.

When a family is on the bread line and what they can get in from the state is more than working why wouldn’t you

I find it surprising that somebody would boast about chucking in her job so that she could “[get] our rent paid and we flashed our UB40 to get free entry to the local leisure centre/cinema and all sorts of freebies

Then complain that it’s unfair that she had to wait until past the age of 60 to get her state pension, like everybody else

Iamthewombat

You keep saying this and I keep asking where did I say this?

ArseInTheCoOpWindow

I started clubbing in 1980. I would rather have died than let some guy buy me a drink. No thanks

Isn’t it wonderful to have principals that I presume you could afford.

Such bitterness from some of these younger women. It’s shocking.

No, what is shocking to you is that we’re not all rushing to support you, because you are transparently self-interested.

@Iamthewombat

No, what is shocking to you is that we’re not all rushing to support you, because you are transparently self-interested.

😹

As I said shocking 😱

In an ideal world, we should stand together against injustice towards women. It is disappointing that some younger women are bitter towards us oldies but that’s life.

It has been refreshing to learn that findings show that the DWP did fail to adequately inform 3.8 million 1950s born women that their state pension age would be increasing, which is the entire crux of the matter.

Why some think we should just suck up this mistake up, only they will know. Instead, we should all be sticking up for our rights and we should support each other. It’s sad.

@Immaculatemisconception “ the crux of the matter” absolutely this is the point.

1. You think it’s an injustice, because you aren’t happy at having to wait for your pension.

1. What would be unjust would be younger women having to bear the cost of your early retirement, when they will already have to work until at least 66 or 67.

1. The only bitter people on here are those who want compensation for having to wait for their pension like everyone else. What do the younger women have to be bitter about? We’ve mostly accepted the way things are. We’re not crying about injustice and repeatedly dragging a hopeless case through the courts and expecting other people to fund our special treatment. You are.

1. As before, you’re a fool if you think that the ombudsman’s conclusion that there was mild maladministration is going to get you compensation. The ombudsman has no powers to interfere with primary legislation or order payouts. A few civil servants who were in post ten years ago might get a gentle slap on the wrist, if they still work for DWP. In the meantime you and the other WASPIs will keep howling about unfairness, but now you are attacking women who don’t share your opinions? How feminist of you.

The only younger woman who showed any interest in joining your sob sisterhood had something to gain: her mother is a WASPI and she is hoping that some of the hoped for compensation might come her way. She also said that in return for her outpourings of sympathy for your plight, you and the other WASPI women should campaign for house prices to be lowered, to benefit her, of course. So her support wasn’t based on a disinterested evaluation of the facts, and it didn’t come without strings attached either, did it?

You sound very bitter.
I’m doing my bit to help your generation by providing free childcare ( very willingly) for my grandchildren so that my adult children/step children can work full time.

Yes bitter.

I’m also doing what l can to support my children financially as they save for house deposits, as well as supporting them through university and providing childcare.

And we used to share one pint between us for the night so fuck off.

Why not check the definition of ‘bitter’?

It means showing resentment as a result of an experience or a sense of unjust treatment.

Did you actually mean to say ‘unsympathetic’? Because you’d be right. I’ve got nothing to be bitter about. I’ve accepted that I’ll be retiring at 67, and that that age might move. You haven’t accepted your retirement age. You’d be much happier if you did.

@Iamthewombat

1. You think it’s an injustice, because you aren’t happy at having to wait for your pension.

1. What would be unjust would be younger women having to bear the cost of your early retirement, when they will already have to work until at least 66 or 67.

1. The only bitter people on here are those who want compensation for having to wait for their pension like everyone else. What do the younger women have to be bitter about? We’ve mostly accepted the way things are. We’re not crying about injustice and repeatedly dragging a hopeless case through the courts and expecting other people to fund our special treatment. You are.

1. As before, you’re a fool if you think that the ombudsman’s conclusion that there was mild maladministration is going to get you compensation. The ombudsman has no powers to interfere with primary legislation or order payouts. A few civil servants who were in post ten years ago might get a gentle slap on the wrist, if they still work for DWP. In the meantime you and the other WASPIs will keep howling about unfairness, but now you are attacking women who don’t share your opinions? How feminist of you.

The only younger woman who showed any interest in joining your sob sisterhood had something to gain: her mother is a WASPI and she is hoping that some of the hoped for compensation might come her way. She also said that in return for her outpourings of sympathy for your plight, you and the other WASPI women should campaign for house prices to be lowered, to benefit her, of course. So her support wasn’t based on a disinterested evaluation of the facts, and it didn’t come without strings attached either, did it?

No, the injustice is this:

the DWP did fail to adequately inform 3.8 million 1950s born women that their state pension age would be increasing

I’m done with you now, I’m sick of you misrepresenting the facts and the childish unnecessary name calling.