Baroness Kramer
Main Page: Baroness Kramer (Liberal Democrat - Life peer)Department Debates - View all Baroness Kramer's debates with the Department for Work and Pensions
(8 years, 8 months ago)
Lords ChamberThe Government have made it clear that this is about the changes for the longer term and the appropriate framework for state pension age policy. No changes will be considered and the reviewer will not be looking at making or recommending any changes to the timetable before 2028.
My Lords, as Pensions Minister, Steve Webb set up a system for gradual rises in the state pension age that was widely hailed as both fair and affordable, so why are the Government seeking so soon to unpick this consensus? Are they contemplating changes that will fall harshly on low-income earners, especially women, who depend on the state pension and have no private pot to enable them to retire earlier?
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.