Govt considering u-turn on WASPI compensation

[Ticklyoctopus]

https://news.sky.com/story/government-to-reconsider-whether-to-give-compensation-to-waspi-women-13468696

Oh God no 😖😖😖😖

I suppose the person who saw the 'loophole' was the Financial Ombudsmen who recommended paying a relatively minor amount of compensation.

@Scotiasdarling you obviously do believe its morally right and fair that the 'waspi' women - I assume you are one? - get a payout. Can I ask why? Or do you just think it will be a nice little windfall?

If it’s minor why did they need so much more notice?

I didn't say anywhere people under 30 were the only ones working and paying. In the quote you posted, I clearly said they won't get the same benefit out of their payments. At 59 and 61, you and your husband will receive your pension at 67/68 Same as me and my husband in our 50s. We'll get more out than an under 30 is likely to, because the next significant change is not scheduled to happen until 2041.

Whilst it's possible we might experience a loss of triple lock, it's highly unlikely means testing will come into force before we claim, or that the age will rise to 70.

Whereas, somebody under 30 faces much less certainty that they will receive any state pension at all. That's the difference. You and I are working towards something that is now in our sights, continuing to pay for something we will take our turn at receiving.

Somebody under 30 isn't in that position. I am not saying, not have I ever said, that we shouldn't get our pensions or that we haven't worked and paid in. I am saying that we are now in a situation where the generations below us will be paying, just like we did, but are increasingly less likely to be receiving at any point shy of 70, if at all.

In all likelihood, many of them will still be working well after 65.

Yep so will you and I.

You are very optimistic

Meanwhile we have increasing numbers of people who aren't paying any income tax at all - 35% currently.
Take out those who are disabled and unable to work and that's a considerable portion of the country taking out but never paying in

This! It’s such bullshit.

And why is that any of your business?

Do keep up. The amount of compensation is minor, the change to the rules was major.

If it's so minor, why do you need it?

Why wouldn’t it be? You’re the one who wants us to pay, and what’s more, you’re here insisting we do so despite the very good reasons not to.

You and sextentric are a pair! Again, none of your business whether I need it or not.
If you have an argument make it, and I'll tell you where you're wrong. Who I am and my circumstances are irrelevant.

It's so odd to spend so long arguing your point, and then refuse to answer such a simple question.

Don't make things up. I have never insisted that you or anyone else should pay. Quote me if you can find me saying you should pay.

In fact I think it's vanishingly unlikely that anyone will pay, I only think that Parliament should do what they have been recommended to do.

I also suspect that if you are struggling with the cost of housing yourself you are not a net contributor and therefore it won't be you paying in any case.

I will get my pension at 68. That isn't 'well after'.
And it's better than 'never'.

My point still stands. Why are we talking of paying compensation to a group who now have their triple-locked pensions which those coming up behind aren't even guaranteed to get at all.

A small percentage apparently didn't know. Plenty did, and have said they did, yet they will still get this payment. Some women were negatively affected, yes, but those who really weren't will still get the money.

The age of the youngest women in the WASPI group is 65. Just a few years older than you. So you will have experienced the same lack of work place pensions available to women, etc, yet you'll have to work even longer, from your post you don't feel certain about what will happen for your age group and yet you won't get compensation. I bet you never received a letter about the increase from 65 either. I know I haven't.

Yes, they did, as was pointed out up thread, the changes were announced in 1995.

I also suspect that if you are struggling with the cost of housing yourself you are not a net contributor and therefore it won't be you paying in any case.

Tell me you're not from London or the South East without telling me etc etc.

My nephew is a net contributor in his early 30s. He has just managed to buy a one-bedroom ed flat. At his age, I had a three bedroomed house and neither husband nor I at that point were net contributors, though husband would later hit that bracket.

The money would be coming from current taxpayers, where else do you think it would be coming from?

I can’t even begin to address your last point, you are very very out of touch.

And accelerated in 2011 which is what the whole issue is about
Seriously do keep up

You couldn't be more wrong.

Is that the whole issue? The 2011 change only affected women born between 6 April 1953 and 5th October 1954. But the WASPI website appears to be demanding compensation for women born 6th April 1950 to 5th April 1960.

It was initially the 2011 issue but unfortunately others joined thinking they were hard done by.

I agree with 2011 group and the ruling against DWP relates to this.

Well because you're arguing that we should pay up but dont seem to want to explain why. That would suggest that I'm right and you have no moral justification at all. You just see it as nice little earner that you're 'entitled' to. Nice.

I hope you dont see a penny.

Quite! @Scotiasdarling this is what we mean when we talk about older generations having no idea of the struggles of the younger.

I have paid additional rate tax since my late 20s and am at this point far and away a net contributor even after one maternity leave. I pay over 3 grand a month, well over half of which is interest, for a 2 bed ex-council property an hour's commute away from my job in London. I am only able to do this because of my unusually high HHI, this very average area is totally out of reach for normal people and my neighbours are a mix of people who were gifted their £100k deposits, and council house residents.

No I don't enjoy subsidising various other random people @Cheeseontoastghost so stop bringing them up. But that doesn't mean I want to use any savings on WASPI women. I'd like a break for myself...