Gransnet forums

Legal, pensions and money

WASPIs' Ten Thousand payment

(254 Posts)
Bea65 Fri 16-Feb-24 19:29:28

Having read about this proposal over last few days, could someone advise if this proposal is really going forward for those of us born between 1950 and 1960 as a payment for not being informed about the rise in state pension age from 60 to 65 upwards for women? There seems to be conflicting news reports and its quite distressing/disturbing...

Cossy Thu 21-Mar-24 11:51:59

I too would have purchased AVC’s, had I been informed earlier

Callistemon21 Thu 21-Mar-24 12:00:24

AVCs weren't always worth it for the outlay required.

As well as which, if you died not long after retirement as happened to my friend, all the money saved into AVCs was lost.
They were another gamble.

Jane43 another way women were deceived is that, if you worked fr Local Government or the Civil Service, all your pension contributions were returned to you as a gratuity when you got married or left to have a family. It was as if you should have been grateful because they were giving you your own money back! There no pension for all those early years of working, which in my case were 10 years' worth of pension lost.

growstuff Thu 21-Mar-24 12:04:02

Millie22

I think it would help greatly if the benefits system so UC was more lenient towards women 60+ who find themselves unable to claim SP.

It is extremely hard to find suitable work unless you are physically able to do cleaning or care work.

The prospect of yet another rise in the SP age is very depressing.

I agree with you about this. It used to be the case (before the 2011 changes) that people (men and women) aged 60 and over could work fewer hours before they were allowed to claim benefits. Since the changes, they have to look for full-time work, the same as everybody else. There were some other changes too, but almost nobody in the media picked them up. Those changes made a big difference to people with chronic conditions and/or those who just didn't feel up to working full-time any more.

Callistemon21 Thu 21-Mar-24 12:06:00

I think they should become Government advisers.
Nice cushy office job, telling them where they're going wrong and what they ought to be doing.

Bea65 Thu 21-Mar-24 13:09:15

Callistemon21 I'd forgotten about that when I left BHam Area Health Authority lates 70s/early 80s, my contributions were returned to me...and then when I got another job, you had to be with the company 2 yrs before you were allowed to join the pension scheme and yes, different rules for women...

Dempie55 Thu 21-Mar-24 13:34:25

Just been listening to the News. Ombudsman has finally released the report. Recommended compensation between £1000 to £3000. DWP has apparently already said it has no intention of complying. So now what? The can gets kicked further down the road for the next government to deal with?

growstuff Thu 21-Mar-24 13:52:43

Bea65

Callistemon21 I'd forgotten about that when I left BHam Area Health Authority lates 70s/early 80s, my contributions were returned to me...and then when I got another job, you had to be with the company 2 yrs before you were allowed to join the pension scheme and yes, different rules for women...

Surely those were the contributions you'd made to the health authority pension. Your NICs (even if you'd been paying) "full stamp" wouldn't have been returned and wouldn't have affected your state pension. What it does mean is that you will have been recorded as "contracted out" and your state pension will be reduced slightly.

sharon103 Thu 21-Mar-24 14:25:13

Oldbat1

I religiously keep all paperwork - i did not receive notification regarding having to wait longer for my pension.

So do I Oldbat1.
I've said it before and I'll say it again. I received no letter.

Callistemon21 Thu 21-Mar-24 14:45:44

growstuff

Bea65

Callistemon21 I'd forgotten about that when I left BHam Area Health Authority lates 70s/early 80s, my contributions were returned to me...and then when I got another job, you had to be with the company 2 yrs before you were allowed to join the pension scheme and yes, different rules for women...

Surely those were the contributions you'd made to the health authority pension. Your NICs (even if you'd been paying) "full stamp" wouldn't have been returned and wouldn't have affected your state pension. What it does mean is that you will have been recorded as "contracted out" and your state pension will be reduced slightly.

What it does mean is that you will have been recorded as "contracted out" and your state pension will be reduced slightly.

Oh, I never thought of that. Another blow for women.

They were Local Government, Civil Service or Local Health Authority pension contributions.

Cossy Thu 21-Mar-24 17:24:42

Callistemon21

I think they should become Government advisers.
Nice cushy office job, telling them where they're going wrong and what they ought to be doing.

Love this idea! 😂😂😂😂

maddyone Thu 21-Mar-24 17:31:05

My teacher pension contributions were returned to me when I left to have my first baby. If I’d been savvy enough to realise how much that would eventually reduce my professional pension I wouldn’t have taken them. I think it was just a way to reduce their liabilities later on, but would blame the women for accepting the return.
Of course that has nothing to do with state pensions.

I’m not surprised that the DWP has said it has no intention of complying and I won’t hold my breath about a future government complying either.

Blossoming Thu 21-Mar-24 17:42:11

In today’s Guardian

www.theguardian.com/money/2024/mar/21/thousands-of-uk-women-owed-pension-payout-after-ombudsmans-waspi-ruling

Abuelamia Thu 21-Mar-24 18:48:24

Thank you Blossoming for the link. However, I find it rather difficult to understand how Ms W in the article claims the change in state pension age has lost £442,000 .

growstuff Thu 21-Mar-24 18:56:03

Callistemon21

growstuff

Bea65

Callistemon21 I'd forgotten about that when I left BHam Area Health Authority lates 70s/early 80s, my contributions were returned to me...and then when I got another job, you had to be with the company 2 yrs before you were allowed to join the pension scheme and yes, different rules for women...

Surely those were the contributions you'd made to the health authority pension. Your NICs (even if you'd been paying) "full stamp" wouldn't have been returned and wouldn't have affected your state pension. What it does mean is that you will have been recorded as "contracted out" and your state pension will be reduced slightly.

What it does mean is that you will have been recorded as "contracted out" and your state pension will be reduced slightly.

Oh, I never thought of that. Another blow for women.

They were Local Government, Civil Service or Local Health Authority pension contributions.

Not just women. I worked for an employer for about a year and was offered my pension contributions back when I left. I was in my early 20s and always short of money, so of course I took the money. I believe the law changed after that and people couldn't take back their pension contributions.

growstuff Thu 21-Mar-24 18:59:18

Abuelamia

Thank you Blossoming for the link. However, I find it rather difficult to understand how Ms W in the article claims the change in state pension age has lost £442,000 .

"Mrs W" claimed that she would have been paid £442,000 if she'd stayed in her job after 60. I really can't understand why somebody would resign without checking pension entitlement, so I'm afraid I take that with a pinch of salt.

Callistemon21 Thu 21-Mar-24 23:05:56

growstuff

Abuelamia

Thank you Blossoming for the link. However, I find it rather difficult to understand how Ms W in the article claims the change in state pension age has lost £442,000 .

"Mrs W" claimed that she would have been paid £442,000 if she'd stayed in her job after 60. I really can't understand why somebody would resign without checking pension entitlement, so I'm afraid I take that with a pinch of salt.

Surely someone earning that kind of salary would be astute enough to keep up with developments, announcements on the news and in the press as well as forward plan and check out what her pensions would be before resigning from her job?
It sounds like a slight exaggeration to me.

It was announced on TV by The Chancellor in 1993 and would have been reported in the press.

Bea65 Fri 22-Mar-24 07:24:34

Hmm maybe there is an extra 4 and 0 typed in - £42,000??
Whether we get compensation or not, WASPI are getting attention across the media still this morning

Bonnybanko Fri 22-Mar-24 08:04:38

I saw this on the news yesterday and thought, I wonder if those women born after 1950 will actually receive any compensation from the DWP. I do hope they do it’s a bloody shame how they had their pension age increased, without any forewarning

I was one of the lucky ones born in 1949.when I received my pension aged 60

Redhead56 Fri 22-Mar-24 08:42:10

I had previously read (I can’t remember) when or where women didn’t get state pension until 65. I received a letter which I still have just before my 65th birthday I would not receive my pension until I was 66. I received a letter just a month ago regarding a small increase in my pension.

growstuff Fri 22-Mar-24 08:44:33

Callistemon21

growstuff

Abuelamia

Thank you Blossoming for the link. However, I find it rather difficult to understand how Ms W in the article claims the change in state pension age has lost £442,000 .

"Mrs W" claimed that she would have been paid £442,000 if she'd stayed in her job after 60. I really can't understand why somebody would resign without checking pension entitlement, so I'm afraid I take that with a pinch of salt.

Surely someone earning that kind of salary would be astute enough to keep up with developments, announcements on the news and in the press as well as forward plan and check out what her pensions would be before resigning from her job?
It sounds like a slight exaggeration to me.

It was announced on TV by The Chancellor in 1993 and would have been reported in the press.

One would have thought so. Somehow it doesn't sound right.

growstuff Fri 22-Mar-24 08:46:17

There was another claim by somebody, born in the fifties, who said she started work at 14. The school leaving age was raised to 15 in 1947, so I took that claim with a large pinch of salt too.

Primrose53 Fri 22-Mar-24 09:19:37

Labour’s Emily Thornberry was on TV this morning and was unable to answer questions as to whether Labour would pay out to the WASPI women if they come to power (or WHEN as Thornberry says). She was doing her very best to avoid answering. 🤣🤣

Casdon Fri 22-Mar-24 09:22:18

Primrose53

Labour’s Emily Thornberry was on TV this morning and was unable to answer questions as to whether Labour would pay out to the WASPI women if they come to power (or WHEN as Thornberry says). She was doing her very best to avoid answering. 🤣🤣

Did that surprise you Primrose53, the Tories are doing exactly the same - they only found out the outcome yesterday after all so won’t have factored any potential payouts into their plans yet?

Dempie55 Fri 22-Mar-24 09:34:25

growstuff

There was another claim by somebody, born in the fifties, who said she started work at 14. The school leaving age was raised to 15 in 1947, so I took that claim with a large pinch of salt too.

I had a Saturday job when I was 14, working in a bakery and did extra shifts in the school holidays.

LizzieDrip Fri 22-Mar-24 10:06:19

I’ll be very surprised if we get any compensation, regardless of who is in government. I’m not sure the WASPI issue will be a vote-winner - too many people are against it e.g. younger people who are struggling and see their state pension as a distant dream; older women who got their pension at 60 and think we ‘should have known about the age increase’. It’s potentially a political hot potato!