State Pension Age

Debate between Baroness Bakewell and Baroness Altmann

Wednesday 2nd March 2016 Lords Chamber

[Baroness Altmann]

I assure the noble Baroness that this is not about unpicking anything. This was legislated for in the Pensions Act 2014. We are merely following the legislation that was introduced.

[Baroness Bakewell (Lab)]

My Lords, I welcome this Statement from the Minister and the setting up of an independent inquiry. I can only offer my sympathy to the chairman because, as she knows, pension age is a hot potato politically. There was a debate in the Commons last week about the whole case of the baby-boomer, or WASPI, women, and a Motion, which was lost by only a few votes, calling for action from the Government on transitional provision for these women. Will the Minister, who in a previous incarnation showed great sympathy for these baby-boomer women, express some concern that this is not within the remit of the newly appointed review?

[Baroness Altmann]

I stress to the noble Baroness and noble Lords that if there are any issues they would like to raise with the independent reviewer—lessons to be learned from the past or issues that should be considered for the future—they should do so. It is an independent review, looking at all the relevant factors.

State Pension: Equalisation

Debate between Baroness Bakewell and Baroness Altmann

Monday 23rd November 2015 Lords Chamber

[Baroness Bakewell]

To ask Her Majesty’s Government what plans they have to compensate the women deprived of their expected pensions by the increase in the state pension age under the Pensions Act 2011.

[The Minister of State, Department for Work and Pensions (Baroness Altmann) (Con)]

My Lords, removing state pension age gender inequality by 2018 and increasing pension age to 66 by 2020 was voted on in both Houses, and there are no plans to change it. The more than £30 billion cost of retaining the previous timetable could not be justified, and the Government made a concession in 2011, worth more than £1 billion, limiting maximum increases to 18 months.

[Baroness Bakewell (Lab)]

I thank the Minister for that Answer. There are 700,000 women caught in this brutal pensions trap, and they are already in their 60s. They had hoped to be drawing their pensions, but in some cases, even after 45 qualifying years, they currently have no pension, no pensioner benefits, often no job—having been made redundant—and no right to claim jobseeker’s allowance. What does the Minister suggest they live on?

[Baroness Altmann]

My Lords, I do have sympathy with the women affected. However, I assure the House that they are eligible for the same in-work, out-of-work and disability benefits as men of their age, and for the new state pension.