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Source : Age Cymru Published on 06 October 2011 04:00 PM
A charity claims 38,100 women in Wales will have to wait longer to receive their State Pension because of UK Government proposals.
2,700 of them will have to wait an extra two years, which will cost them an average £10,000 each in lost State Pension income, according to Age Cymru.
The charity’s Campaigns Coordinator Rhea Stevens explains:
“We are very concerned about the UK Government’s current proposals.
“The UK Government’s original plan was to gradually increase the State Pension Age for women to 65 by 2020, to bring it into line with men’s State Pension Age.
“This was set to 66-years-old between 2024 and 2026.
“But recent changes to those plans that are outlined in the Pensions Bill will see the State Pension Age for women rise to 65 by 2018, and 66 for everyone by 2020.
“Age Cymru is very concerned by these proposals because they do not give women long enough to prepare financially for retirement.”
Age Cymru and its sister charity Age UK, want the UK Government to stick to its original plans and not speed up the increase in the State Pension Age.
Rhea Stevens explains:
“We think the UK Government is right to look at reforming the pensions system – after all, we have an ageing population, but this is too much, too soon.
“But with these proposals, the UK Government is going to end up hurting this hard-working group of women who believed their retirement was just around the corner.”
She concludes:
“The Pensions Bill – which faces its first Parliamentary vote on 18 October, must be amended to ensure that the original timetable for raising the State Pension Age remains in place and any increase to the State Pension Age beyond 65 does not start until at least 2020.”
ENDS
CONTACT
For all media enquiries, please contact Iwan Rhys Roberts, Communications Officer – Age Cymru on 029 2043 1562, 07739 894 923, iwan.roberts@agecymru.org.uk.
NOTES TO EDITOR• Source of figures for number of women affected in each Parliamentary constituency by the State Pension Age proposals in the Pensions Bill: Office for National Statistics - experimental statistics, rounded to nearest 100.• The proposals in the Pensions Bill to raise State Pension Age for women to 65 by 2018 would mean that UK-wide, 2.6 million women would have to wait longer (between 18 months and two years), before they can receive their State Pension.• Of these:o UK-wide, around 330,000 women born between December 1953 and October 1954 would have to wait 18 months longer to be able to receive their State Pension;o UK-wide, 33,000 women born between 6 March 1954 and 5 April 1954 would have to wait an extra two years to be able to claims State Pension; Age Cymru: • Age Cymru is the national charity for older people in Wales• We are the force combining Age Concern Cymru and Help the Aged in Wales.• Age affects us all in different ways. We cannot promise good health, but we should be able to ensure good care for all of us. When we find loneliness, we will reach out. When age becomes a burden, we will lighten the load.• Age Cymru will campaign. We will fundraise. We will research. We will make the powers that be listen.• Age Cymru is a registered charity 1128436.• Company limited by guarantee and registered by in England and Wales 6837284.• Registered office address: Ty John Pathy, 13/14 Neptune Court, Vanguard Way, Cardiff, CF24 5PJ.• Age Cymru works nationally and locally across Wales to improve life for all older people.
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For all media enquiries about Age Cymru, please contact our Communications Officer, Iwan Rhys Roberts.
07739 894 923
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