State Pension: Working-class Women
Debate between Caroline Nokes and Carolyn Harris(7 years, 9 months ago)
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Caroline Nokes
If the hon. Lady will give me time, I will come to exactly that point later in my contribution.
It is important that we all recognise that the age at which we receive the state pension must rise. Life expectancy continues to rise, and it is a key priority for this Government to ensure the long-term sustainability of the pension system. For that reason, the Government have introduced regular reviews of the state pension age. The issue is also likely to feature heavily in the Cridland review, which will be published in the coming months.
We recognise that employment prospects for women have changed dramatically since the state pension age was first set in 1940, especially for the women affected by the acceleration of the state pension age. Alongside the age increases under the new state pension, we have made huge progress in opening up employment opportunities for women and older workers. Since the 1970s, women have seen repeated increases in employment rates in later life compared with their male counterparts. The number of older women aged 50 to 64 who were in work in 2016 stood at more than 4 million, which is a record high. Approximately 150,000 more older women are in work than this time last year.
Carolyn Harris
Does the Minister acknowledge that women who are currently in work may be there not because they want to be, but because they have to be?
Caroline Nokes
The hon. Lady makes a valid point, but I would argue that there are also many men, and indeed many younger people, who have to be in work. We want to encourage more people to be in work and to play their part in society. As I said earlier, work is an important part of wellbeing. Work in itself provides emotional, physical and mental wellbeing effects.
The rate of employment for women aged between 60 and 64 is more than 40%—another record high. [Interruption.]