(13 years, 7 months ago)
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I agree. These women have been unable to plan for this change. Already, their pension age was further away than that of the previous generation and now it is being pushed further away again. It seems that the nearer they get, the further away it goes.
My hon. Friend is being very tolerant of interventions. Is this situation not also symptomatic of the flaw in the analysis of why the pension age should be extended? For example, in the debate on Second Reading of the Finance (No. 3) Bill, one of our former Pensions Ministers made the point that if someone has been working from the age of 16, regardless of gender, by the time that they get to 60, they have paid 44 years of national insurance and have probably burned out. Extending the pension age for people who leave university at 25 after a postgraduate degree is not a problem; indeed, they probably have a very good private pension. However, for many ordinary working-class people—men and women—it means that they are being forced to work beyond the point at which their health allows them to carry on working. This is not just a problem for women, although I do not diminish the problem for them at all. It also affects people who have had a long working life in what are probably the hardest jobs in society.
I agree: this is not just an economic issue or a gender issue, but a class issue.
As I was saying, many women have done part-time work or have taken time out of the work force altogether to raise children. Many women worked in part-time jobs at a time when part-time workers were unable to take out a private pension. Those women have worked for 40 years, paying their national insurance contributions. They were looking forward to the retirement that they expected to start at 60. They, and I, were disappointed when it was announced that the age of retirement would go up from 60 to 65 between April 2010 and April 2020, but we accepted that and planned accordingly. Now, these women find that just as they are nearing the end of their time in the labour market, the goalposts have been moved yet again.