Waspi

My understanding is that if we get anything it will be a blanket amount. The waters were, I think, muddied, as many reports quoted the scale on which awards are made, with £0 at the bottom and £10k at the top, and people have assumed that any payments would be based on the impact of the changes on individuals, with some getting nothing and others getting £10,000.

Not only would that be unfair, but it would be insanely expensive to administer, and all but impossible to judge. Would we all have to write essays explaining what we knew, how we found out, what our financial circumstances were then and are now, and compete for sympathy?

If we get anything at all, which is not a given, it will be the same for everyone, and is, apparently, most likely to be somewhere between £1k and £3k.

I don't know why you're assuming anything. The compensation mentioned by the ombudsman's report isn't to compensate for loss of pension. It's a fine for maladministration in 2004, when the DWP was slow to inform those women who didn't know about the increase, despite a survey which showed about 20% of them didn't know.

I was born in 1955 and was one of the first to have my SPA age increased to 66, so I've "lost" more than most. Does that mean I should receive more? On the other hand, I did know about the increase, so does that mean I should receive nothing? Following the ombudsman's ruling, it would be the latter because I don't merit compensation for not knowing.

It means waiting longer and still working, or not as the case may be to 66 but the pension received monthly then by people is much more than for those who were eligible to retire and receive it at age 60.I think!

Yes, but none of that will mean that someone born in 1955 would be excluded from a payout if one is forthcoming, would it? Anyone who had their SPA raised would be eligible, as I understand it.

The ombudsman's decision to recommend compensation isn't based on the amount women have lost in pension payments. It's compensation for poor communication/maladministration in 2004.

A poll was conducted, which discovered that the majority of women affected by the original equalisation of pension age with men, but a significant minority did not know. It was decided to target this group, but there were delays in sending out letters and contact details weren't always correct.

The ombudsman decreed that the delay was unacceptable, which was the basis for the compensation. It has been decided that this is a level 4 maladministration, compensation for which is between £1,000 and £2,950. Any claims in the media that Waspi women will actually receive something between those two amounts are wrong. There is no compensation arrangement in place.

Poppyred

Momac55

Hi I was born in 1955 so I am in the Waspi cohort. I paid the married women’s stamp for most of my working life does that mean I am not entitled to any compensation, I still had to wait until 66 to get my pittance of a pension

If you were born in 1955 you are 68 and already receiving your state pension??

I'm not sure I understand your point. Yes, someone born in 55 will be getting their pension, but so will most women in the cohort. That doesn't mean that Momac won't get compensation though - if any of us do that is.

growstuff

Shinamae

I just found this
I’m not even sure if I am one of these women I didn’t get my state pension until I was 63, I was born in 1953?

Yes, you are in the group affected. However, as there is no promise of actual compensation yet (or how much), I wouldn't be booking a luxury cruise just yet.

😂 I definitely won’t be doing that!

Shinamae

I just found this
I’m not even sure if I am one of these women I didn’t get my state pension until I was 63, I was born in 1953?

Yes, you are in the group affected. However, as there is no promise of actual compensation yet (or how much), I wouldn't be booking a luxury cruise just yet.

DOB of women affected seems to be between 6 Apr 1950 to 5 Apr 1960.

I just found this
I’m not even sure if I am one of these women I didn’t get my state pension until I was 63, I was born in 1953?

Momac55

Hi I was born in 1955 so I am in the Waspi cohort. I paid the married women’s stamp for most of my working life does that mean I am not entitled to any compensation, I still had to wait until 66 to get my pittance of a pension

If you were born in 1955 you are 68 and already receiving your state pension??

Well by time tax has been taken out ( as I presume it will have been taxed if you are still working ) which I am at 68.

They may be enough for a cruise down the river Ribble like others I won't hold my breath.

I think the government will cough up, it could well become an election issue otherwise.

Looks like the report is suggesting 1 - 3K as opposed to the £10k that was being asked for. I doubt that the government will cough up though.

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

Breaking news is that the Ombudsman thinks we are owed compensation…

Still working in childcare looking after 3/4 year olds and I’m 64. Only 22 months to go to retirement! Not counting though!

kazz94

I am 60 and in my younger days assumed I’d retire at 60. I have already paid in enough NI for a full state pension and so don’t understand why I still have to wait another 7 years. With the way I feel I won’t make it til then anyway.

Although you need a set number of qualifying years for a full SP you are paying into government funds and not an individual pension pot . As with other forms of taxation some people will pay more in and receive the same benefit . Higher earners may pay more in NI contributions in their working lifetime than those just paying over the threshold , but will still get the same SP .

Mel1967

TinSoldier

Mel1967

I’m 57 and have paid enough contributions for a full State Pension when I retire.
So my questions are these:
Why can’t I retire now?
Why won’t I get a larger State Pension when I retire - as I’m still contributing?

You can retire whenever you like but you won’t receive your state pension until you reach your state pension age.

Where those extra years can help is to “burn off” any deductions from pre 6 April 2016 state pension entitlement if you were contracted out of SERPS or the Second State Pension.

Read this to learn how state pension is calculated for people whose contribution record straddles 6 April 2016:

www.moneyhelper.org.uk/en/pensions-and-retirement/state-pension/how-does-the-state-pension-work-and-how-much-might-you-get

And this about burning off.

www.lcp.com/media-centre/2022/02/why-is-money-being-deducted-from-my-state-pension-new-lcp-guide-answers-the-most-commonly-asked-question-in-pensions

^Although contracting out was abolished for salary-related pensions in April 2016, past contracting out is still reflected in calculations for the new state pension; but those who have years of contributions from 2016/17 onwards can gradually ‘burn off’ the deductions for past contracting out; eventually they can built up a full new flat rate pension in addition to their contracted out pension. But in the early years of the new scheme, deductions for past contracting out can still leave them short of the full flat rate, even if they have 35 or more years of NI contributions.^

Many thanks.
I’ve just checked my state pension forecast via government gateway and I currently have 40 full years of tax contributions - my state pension forecast is for the full amount which is currently £203.85 per week. My forecast cannot be improved.

You’re in the same position as many of us who worked until 66 Mell1967, still expected to contribute when you have done more than the number of qualifying years - logically, unless they have periods of not working most people will contribute 45 years at least to the system in future. We’re living longer on average, and that is what is required of us.

Marydoll

It might be worth reading this Waspi thread, which is already running, OP.

None of know what and if we will get anything.
No-one is being sarcastic.

www.gransnet.com/forums/legal_and_money/1332731-WASPIs-Ten-Thousand-payment
Thanks Marydoll was just about to let Op know

TinSoldier

Mel1967

I’m 57 and have paid enough contributions for a full State Pension when I retire.
So my questions are these:
Why can’t I retire now?
Why won’t I get a larger State Pension when I retire - as I’m still contributing?

You can retire whenever you like but you won’t receive your state pension until you reach your state pension age.

Where those extra years can help is to “burn off” any deductions from pre 6 April 2016 state pension entitlement if you were contracted out of SERPS or the Second State Pension.

Read this to learn how state pension is calculated for people whose contribution record straddles 6 April 2016:

www.moneyhelper.org.uk/en/pensions-and-retirement/state-pension/how-does-the-state-pension-work-and-how-much-might-you-get

And this about burning off.

www.lcp.com/media-centre/2022/02/why-is-money-being-deducted-from-my-state-pension-new-lcp-guide-answers-the-most-commonly-asked-question-in-pensions

^Although contracting out was abolished for salary-related pensions in April 2016, past contracting out is still reflected in calculations for the new state pension; but those who have years of contributions from 2016/17 onwards can gradually ‘burn off’ the deductions for past contracting out; eventually they can built up a full new flat rate pension in addition to their contracted out pension. But in the early years of the new scheme, deductions for past contracting out can still leave them short of the full flat rate, even if they have 35 or more years of NI contributions.^

Many thanks.
I’ve just checked my state pension forecast via government gateway and I currently have 40 full years of tax contributions - my state pension forecast is for the full amount which is currently £203.85 per week. My forecast cannot be improved.

Mel1967

I’m 57 and have paid enough contributions for a full State Pension when I retire.
So my questions are these:
Why can’t I retire now?
Why won’t I get a larger State Pension when I retire - as I’m still contributing?

You can retire whenever you like but you won’t receive your state pension until you reach your state pension age.

Where those extra years can help is to “burn off” any deductions from pre 6 April 2016 state pension entitlement if you were contracted out of SERPS or the Second State Pension.

Read this to learn how state pension is calculated for people whose contribution record straddles 6 April 2016:

www.moneyhelper.org.uk/en/pensions-and-retirement/state-pension/how-does-the-state-pension-work-and-how-much-might-you-get

And this about burning off.

www.lcp.com/media-centre/2022/02/why-is-money-being-deducted-from-my-state-pension-new-lcp-guide-answers-the-most-commonly-asked-question-in-pensions

Although contracting out was abolished for salary-related pensions in April 2016, past contracting out is still reflected in calculations for the new state pension; but those who have years of contributions from 2016/17 onwards can gradually ‘burn off’ the deductions for past contracting out; eventually they can built up a full new flat rate pension in addition to their contracted out pension. But in the early years of the new scheme, deductions for past contracting out can still leave them short of the full flat rate, even if they have 35 or more years of NI contributions.

Next month, and counting, I'm just going to take what I'm given. And run with it! Drinks on me!
I don't think anyone knows who will benefit, if anyone.

It might be worth reading this Waspi thread, which is already running, OP.

None of know what and if we will get anything.
No-one is being sarcastic.

www.gransnet.com/forums/legal_and_money/1332731-WASPIs-Ten-Thousand-payment

I’m 57 and have paid enough contributions for a full State Pension when I retire.
So my questions are these:
Why can’t I retire now?
Why won’t I get a larger State Pension when I retire - as I’m still contributing?