When are the Waspis getting their compensation?

[MeouwCat]

Anyone know when the Waspis will get heir compensation. Might soften the blow of losing the winter fuel payment for some.

September at the earliest according to the press.

I wouldn't hold your breath.

Hopefully never. The idea of struggling working families stumping up to reward pensioners' bad financial planning is obscene, particularly in a cost of living crisis. I bet we won't get to retire at that age.

I’m a Waspie and hope never. I had plenty of time to plan ahead and the idea of women getting state pension 5 years earlier just because they were women was ridiculous even back when the changes were made.

And frankly the first place I want to see any additional cash going is Social Care and the NHS, which as a Waspie I’m going to be needing a lot in the future.

It's not for "poor planning", it's for a failure of process by the government which has been identified by the ombudsman.

It was known in 1995 that the pension age would rise to be the same as men by 2020, then in 2010 it was brought forward to 2018. That seems pretty fair warning to me.

Meanwhile, the people you expect to pick up the bill won't receive a pension before they're 70, according to the latest projection.

The ombudsman disagrees with you, particularly regarding the final adfitional year, so I shall take his/her word for it.

Well, it's not really a question of disagreement: what I've stated above are facts.

Of course we can certainly take different views on what course if action would be just, though. I can continue to hope that the taxpayer isn't forced to bail out people who couldn't manage to plan their own future given 25 years warning, and you and the Ombudsman are welcome to disagree.

Would be nice to have some compensation but how anyone could be unaware of the rising retirement age for women I can’t understand.

It's a lot more complicated than that. Some divorce settlements, e.g were calculated based on state pension age. Some DB pensions have a state pension reduction which is set to the actual age not state pension age, so some women have a reduction in their DB benefit at 60 but won't receive SP until years later. The ombudsman has taken everything into account and decided that insufficient warning was given. They are not known for being particularly generous when it comes to matters like this so like other pp, I will take notice of them, not some random, ageist bod on the Internet.

Sounds to me then like some people would be quite justified in having a grievance against their employers, or pension schemes, or divorce lawyers, or any other professional who didn't take note of a major Act of Parliament being passed in 1995. Still not the taxpayer's responsibility.

And ageist - is that to me, then? I'd have thought my having to work until gone 70 in order to support the generations above me who retired much earlier would be a better example of ageism, but there we are.

I'm a Waspie - received my state pension at 66 after working for 51 years.

I doubt if there will be any compensation - you would have to have had your head in the sand for years to not know that retirement age was gradually being increased.

I just missed being a waspi but even if I had been born 2 years earlier I would not have wanted the money. The whole thing was driven by greed and lies. I hope they receive nothing.

I’m a Waspie woman, born in the ‘worst’ possible month of the ‘worst’ year financially speaking (August 1953)

To put it into context, school friends of mine that were born in January of the same year received around £40k more than I did in pension payments.
Having said that, I won’t be fighting for any compensation and should any materialise (which I very much doubt), I shall be donating it to a good cause as I recognise that my generation have had it ‘lucky’ in a lot of ways

In fact nearly all my friends around age have seen it almost as our duty to help the next generation with generous financial contributions towards house deposits and raising grandchildren. I can’t speak for everyone of course but I don’t think my stance is particularly unusual and to tar us all with accusations of greed and selfishness is rather unfair I think.

How come my friendswho were born in the 50s knew about it.

Moot point. I'm pretty sure that during the 1990s there were active campaigns to equalise pension age by women as it was leading to pensioner poverty particularly as women typically live longer than men and were being denied the chance to earn for longer. And women born in the 50s to boot