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OmegaMale
Posted: 24 November 2024 16:57:03(UTC)
#1

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https://petition.parliament.uk/petitions/700765

This has been recently added to the petitions site and is currently just shy of 50000 after a few days.

Probably worth supporting although I suspect is unlikely to make much difference.

OM
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2 users thanked OmegaMale for this post.
Sheerman on 24/11/2024(UTC), Trev DIYer on 25/11/2024(UTC)
Sara G
Posted: 24 November 2024 17:11:40(UTC)
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To be honest, I don't know how I feel about this one. I'm not part of that cohort, but I was well aware of changes to the pension ages many years ago.

I appreciate that it's a big change - I have friends who received their sp at age 60 and others, like me, who will be waiting an extra 7-8 years - but it was never fair that women got to receive it so much earlier than men for so long.
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4 users thanked Sara G for this post.
Jane Daisy on 24/11/2024(UTC), Coste on 24/11/2024(UTC), Trev DIYer on 25/11/2024(UTC), Carl blue nose on 25/11/2024(UTC)
OmegaMale
Posted: 24 November 2024 17:22:43(UTC)
#3

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Sara G;326706 wrote:
To be honest, I don't know how I feel about this one. I'm not part of that cohort, but I was well aware of changes to the pension ages many years ago.

I appreciate that it's a big change - I have friends who received their sp at age 60 and others, like me, who will be waiting an extra 7-8 years - but it was never fair that women got to receive it so much earlier than men for so long.


Agree with the equalisation (women do outlive men on average after all) but the big jump is the really bad thing. (e.g. Alphafemale's pension age jumped from 60 to 66 overnight). It would have perhaps been more sensible to have gone via a number of intermediate stages to smooth out the effect.

OM
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4 users thanked OmegaMale for this post.
Sara G on 24/11/2024(UTC), Sheerman on 24/11/2024(UTC), Trev DIYer on 25/11/2024(UTC), Greylocks on 25/11/2024(UTC)
Jane Daisy
Posted: 24 November 2024 17:22:56(UTC)
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Joined: 10/06/2024(UTC)
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I had to wait an extra 3 yrs (I think) and to add salt to the wound I missed out on the new higher rate pension by a matter of a few weeks. But I would be dishonest if I said I didn't know about the changes. Equality works both ways, husband a year older gets the "new" rate.

I always worked on the basis that I had to provide for myself, if the SP was still in existence then it was a bonus.
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7 users thanked Jane Daisy for this post.
Sara G on 24/11/2024(UTC), Guest on 24/11/2024(UTC), Taltunes on 24/11/2024(UTC), Coste on 24/11/2024(UTC), Jay P on 25/11/2024(UTC), Trev DIYer on 25/11/2024(UTC), Carl blue nose on 25/11/2024(UTC)
D Bergman
Posted: 25 November 2024 10:02:48(UTC)
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OmegaMale;326708 wrote:
Sara G;326706 wrote:
To be honest, I don't know how I feel about this one. I'm not part of that cohort, but I was well aware of changes to the pension ages many years ago.

I appreciate that it's a big change - I have friends who received their sp at age 60 and others, like me, who will be waiting an extra 7-8 years - but it was never fair that women got to receive it so much earlier than men for so long.


Agree with the equalisation (women do outlive men on average after all) but the big jump is the really bad thing. (e.g. Alphafemale's pension age jumped from 60 to 66 overnight). It would have perhaps been more sensible to have gone via a number of intermediate stages to smooth out the effect.

OM


Omega - are you sure about this?
Mrs B was in the very first cohort to have the increased pension age (born mid-1950), and her SP age was 60 years and 2 months. As I recall the pension age then went up gradually over 9 years..
This was in 2010, and the Pensions Act was enacted in 1995, so effectively there was a 15 - 24 years adjustment period.

Or do you mean that her expectation changed "overnight" when the new regulations were announced?
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2 users thanked D Bergman for this post.
Trev DIYer on 25/11/2024(UTC), Carl blue nose on 25/11/2024(UTC)
Carl blue nose
Posted: 25 November 2024 19:09:20(UTC)
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OmegaMale;326708 wrote:
Sara G;326706 wrote:
To be honest, I don't know how I feel about this one. I'm not part of that cohort, but I was well aware of changes to the pension ages many years ago.

I appreciate that it's a big change - I have friends who received their sp at age 60 and others, like me, who will be waiting an extra 7-8 years - but it was never fair that women got to receive it so much earlier than men for so long.


Agree with the equalisation (women do outlive men on average after all) but the big jump is the really bad thing. (e.g. Alphafemale's pension age jumped from 60 to 66 overnight). It would have perhaps been more sensible to have gone via a number of intermediate stages to smooth out the effect.

OM


It wasn’t a big jump all at once, women who were born from April 1950 to March 1955 had their pension age increased by month for every month born after April 1950, eg born April 1951 retirement age 61.
At the time of this change I worked in financial services and remember having many discussions with women about the change and the need to plan for their retirement.
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1 user thanked Carl blue nose for this post.
Sara G on 25/11/2024(UTC)
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