House of Commons Library research released by Labour reveals the true cost of last week’s pension reforms to 1200 women in Derby who are set to lose out.
Women born between April 1952 and July 1953 will retire before 2017 and will not be eligible for the single tier pension. For example, a woman born in October 1952 will retire at age 63 in 2015. This means that she will draw the basic weekly pension of £107.45 (in today’s prices) when she retires.
The news comes after the Government claimed that "we have to be absolutely transparent [about who will lose]” yet he failed to make clear the full consequences of the planned reforms.
The unravelling of this latest Pensions announcement is the second time this government has been caught trying to hide the full impact of its changes for pensioners following the Granny Tax.
Ministers have been caught red-handed hiding the truth on pensions reforms. This government’s pensions changes have hit working women in Derby time and again and these reforms are no different. There are 430,500 women across the country and well over 1,200 Derby who will be nearly £2,000 worse off compared to men. But instead of being honest with the women that will lose out, this government tried to bury the truth.
Once again Ministers have been caught with their hands in pensioners pockets – it’s about time this government had the decency to be honest about who will lose out under their plans.
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