Oral Answers to Questions

Gregg McClymont Excerpts

Monday 20th May 2013 Commons Chamber

[Steve Webb]

I think that the hon. Gentleman might have written his question before he heard my earlier answer. Comparing those women in his constituency with men born on the same day, as he did, misses the point that those men will have to wait several years longer for their pension. They would far rather be in the position of the women who get their pension at 62 or 63.

[Gregg McClymont (Cumbernauld, Kilsyth and Kirkintilloch East) (Lab)]

The Minister’s response to my hon. Friend the Member for Denton and Reddish (Andrew Gwynne) is to say that these women are in a far better position than equivalent men. Let me push him a little on this. How did he come to a calculation suggesting that these women are better off? My understanding is that, under the Government’s plan, 700,000 women currently aged between 60 and 62 will on retirement receive a lower state pension every week than a man of the same age. Will he tell us specifically how much less a week on average these women will receive on retirement than a man of the same age?

[Steve Webb]

As the hon. Gentleman knows, two things matter: how much people get, and when they get it, and he ignores the second thing. A man born on the same day has to wait until he is 65, but the women he is talking about will get a pension at 61, 62 or 63. The fact that they get the pension for years longer more than offsets a lower average receipt.