State Pension Age (Women)
Debate between Gregory Campbell and Alan Reid(13 years, 7 months ago)
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Mr Alan Reid (Argyll and Bute) (LD)
I congratulate the hon. Member for Erith and Thamesmead (Teresa Pearce) on bringing this important matter before the House.
I start by declaring an interest. As a man born in 1954, I will be affected by the increase in state pension age. However, the extra time that men will have to work is slight, and the change is being brought in gradually. I can therefore accept that change. The real problem created by the Government’s proposals is for women born at about the same time as me. They will have to work considerably longer before they can collect their pension, and they are being given short notice to prepare for the extra work.
As others have said this morning, the Turner commission recommends 15 years preparation. The Government have had to make many difficult decisions because of the record-breaking deficit that they inherited from the previous Government. The Government’s aim is to eliminate the deficit by 2015, but this proposal will not help them to achieve that goal, because it does not come into effect until well after 2015. Therefore, they cannot put forward the argument that the proposal will help to eliminate the deficit.
The proposal will also not bring any long-term recurring benefits to the public finances. Equalisation and the increase in the pension age to 66 will take effect in the long term and this proposal will only bring a benefit over a few short years. The proposal is not needed for the Government’s overall strategy. It is also not in the coalition agreement, which said that equalisation should not take place before 2020.
Mr Gregory Campbell (East Londonderry) (DUP)
Does the hon. Gentleman remember the Minister speaking in the House last month? He said:
“If we want to encourage pension saving, the key is getting the state pension system right.”—[Official Report, 4 April 2011; Vol. 526, c. 795.]
There is an obvious anomaly here and this section of getting the system right has not been achieved. Today’s debate gives the Minister an excellent opportunity to rectify what is an obvious anomaly.
Mr Reid
I obviously agree that we must get the pension system right. The Minister has an excellent track record in campaigning for justice for pensioners. As the proposal is not in the coalition agreement and is not needed to eliminate the deficit by 2015, I hope that the Minister will go away and reflect on the matter before the Pensions Bill comes to the House.