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Legal, pensions and money

So Very Many Years For WASPI Women

(107 Posts)
Margs Wed 27-Dec-23 08:27:19

Do you think - as I do - that successive administrations are simply sitting on their well-paid arses and complacently waiting for all the women affected to just die?
Thus, a massive saving in compensation.......
Leaves me so very angry.

Maggiemaybe Fri 29-Dec-23 13:35:59

What additional bits?
£241?

The additional pension (later known as SERPS, then SS2). I’ve posted about it earlier in the thread. I have a friend who told me years ago that she was on £250 a week on the old pension. She’d worked all her life and never opted out, so had accrued a large amount of additional state pension.

Callistemon21 Fri 29-Dec-23 13:43:31

FannyFanackerpan

Those who were lucky enough to receive their state pension at 60 have been paid approximately £48,000 in the 6 year period that WASPI women didn't receive any pension. WASPI women had to work 6 years longer to receive a pension that paid approximately £60 a week more but, this will take approximately 15 years for them to recoup the equivalent £48,000 paid to earlier retirees. I personally worked from 16 to 66 and so paid NI for 50 years. I feel that I've earned that extra amount.

£48,000 over six years??

Oh, pull the other one.

Callistemon21 Fri 29-Dec-23 13:44:23

I wish you all well but do stop trying to make out that those who retired at 60 are well off.

It's just not true.

spabbygirl Fri 29-Dec-23 13:45:45

its not the shame about being asked to work as a cleaner, its the disrespect of many years of study that I expect she is feeling

ClaraB Fri 29-Dec-23 13:49:05

I will finally get my long awaited state pension early next year. I firmly believe there will be compensation for us WASPI’s at some point but can’t think it will be much, nowhere near the £50k that I’ve missed out on in the past six years.

spabbygirl Fri 29-Dec-23 13:52:18

I still hope for some sort of compensation, when I see the phenomenal amounts being handed out by this gov't to companies, many of whom have donated to the Tory party I see there is money available, its just how the Tories choose to use it. Think £200m PPE, £560 thousand a month when empty, donations to Tory party from companies that pay little tax in the uk....I could go on

rafichagran Fri 29-Dec-23 13:52:43

I got my state pension this year, I worked until I was 66. It is estimated that from 60 to 66 I lost about 45k in pension. I want to be recompensed as a WASPI woman.

maddyone Fri 29-Dec-23 14:03:00

With regard to older women who are receiving much more pension, or indeed fizzywizzy’s husband, I may be wrong, but I think it may be because the husbands paid SERPS, which would give additional benefits on top of the normal pension, but is no longer applicable to those on the new state pension. Older women whose husbands have died, but who only paid the Married Woman’s Stamp, can claim a pension on their deceased husband’s stamps. My mother was able to do this after my father died. I don’t think this is the case now with the new pension, but I’m not sure.

Maggiemaybe Fri 29-Dec-23 14:07:10

I started to receive my state pension this year and have never received anything to explain how much I am receiving and how it was calculated despite having written twice to ask for this information. I get a lot less than the standard rate despite having 35 years of contributions.

I’d keep on asking, Jeannieallergy. You need to know that it’s been calculated correctly.

FannyFanackerpan Fri 29-Dec-23 14:08:22

£48,000 over six years??
Oh, pull the other one.

Old pension (using current rates) = £156.20 × 52 = £8122.40 × 6 years = £48,734.40
Obviously, this is only an approximate amount because the £156.20 is the current amount and was slightly less over previous years.

Maggiemaybe Fri 29-Dec-23 14:10:01

Women paid SERPS as well though, maddyone. I did when I wasn’t contracted out.

Callistemon21 Fri 29-Dec-23 14:10:14

Old pension (using current rates)

But we didn't receive the current rates!!
Slightly less?
Much less.

rafichagran Fri 29-Dec-23 14:13:49

Callistemon21

^Old pension (using current rates)^

But we didn't receive the current rates!!
Slightly less?
Much less.

I don't mind all pensions being the same but compensate the WASPI women for, in my case,the six years I lost.

maddyone Fri 29-Dec-23 14:14:07

Yes I know women paid SERPS too Maggie, but I was specifically referring to women who paid the Married Woman’s Stamp, who can claim on their deceased husband’s stamps, like my mother did after my father died.

FannyFanackerpan Fri 29-Dec-23 14:17:38

Probably slightly less callistemon but still a very significant amount was paid to early retirees over those 6 years which WASPI women will have to wait almost 15 years to recoup (if they live that long)
In addition to WASPI women receiving no state pension for 6 years, they also had to continue paying national insurance contributions. I personally paid full contributions for 50 years, not the 35 years that younger retirees paid.

Nannina Fri 29-Dec-23 14:24:50

The government was emboldened after the court case was lost so I doubt any compensation will be forthcoming. The whole phasing in of retirement age was grossly unfair. A co-worker 3 months older than me was able to retire 15 months before me

Callistemon21 Fri 29-Dec-23 14:56:51

35 years NI contributions did not entitle anyone to a full state pension on the old scheme

So many misconceptions, so much resentment whenever comparisons are made that engaging in any thread on the subject is futile.

LizzieDrip Fri 29-Dec-23 15:15:04

I’m a WASPI and had to work an extra 6 years, with a serious health condition, in a highly pressured, stressful job. Naturally this contributed to my ill health. Having now retired, it’s taken me over a year to

LizzieDrip Fri 29-Dec-23 15:17:49

Oops posted too early!
Anyway, I’m not holding my breath for compensation. The government doesn’t care about ‘old women’. They wouldn’t have added 6 years onto the pension age of 3.8 million men!

Merhaba Fri 29-Dec-23 16:01:09

Hi. They did me out of 3 yrs to get my government pension. So I was 63 yrs old when I got mine.
I get paid the old style pension like them that retired at 60. I wish I did get the new pension of 815 a month. I get 635 a month. Fully qualified stamps.

LovelyLady Fri 29-Dec-23 16:06:55

What is a Waspi? Is this a British expression? I’ve never heard of this.

Doodledog Fri 29-Dec-23 16:11:39

LovelyLady

What is a Waspi? Is this a British expression? I’ve never heard of this.

The term is often misused. There is a pressure group called Women Against Spate Pension Inequality, and many people use the acronym to describe any woman born in the 1950s who lost out on the pension she was led to expect she would get at 60.

There are other pressure groups, and there are women who do not support the idea of others being compensated, but for some reason many people call all women of the relevant age WASPIs.

Stella14 Fri 29-Dec-23 16:21:08

Margs

Well, when I look at the expensive debacle called HS2......I wonder if compensation really is THAT unfeasible.

Exactly. The Government always has Schödinger’s money. Whether there is money ‘in the box’ very much depends upon whether on not they want to spend. Their motivation is heavily influenced by the likelihood of lucrative contracts in it for their own mates and associates (‘on a you scratch my back, I’ll scratch yours’ principle). Clear examples of when the box contains lots of money are PPE contracts during the worse days of Covid and HS2. Notice it wasn’t trashed until those contracts had given £ millions to ‘their associates’. There is never money (“no magic money tree”) for women’s pensions, social care, libraries, youth clubs etc!

magshard20 Fri 29-Dec-23 17:44:52

I think this government are making people wait, with the intention of us all "popping our clogs" so they won't have to pay us anything. It's disgusting how people are treated in our country, we have done our best for years to keep the country going, amid all the "toing and froing" amongst politicians, who really don't give a jot about any of us, unless they want us to vote for them at election time. I include local councillors in that bracket too, they want our council tax (on time, or woe betide you!) and what do they do for the local people, ours do nothing, but again when they want your vote they are out there wanting to speak to you and make things work. Sorry for the rant, but it really makes me cross!!

Saggi Fri 29-Dec-23 18:21:51

Spot on Margs….and I’m one of the WASPI’s🤬