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Petition on Why the old state pension is £200 pm less than the new

(112 Posts)
silverlining48 Thu 21-Mar-24 20:06:30

I have just signed a petition by 38 degrees asking for the old state pension of £156 pw to be increased to the new rate of £203 pw. It’s a huge difference. When the new pension began in 2016 I ( wrongly) assumed the old would be increased to the new one.
When the pension rate is mentioned by media it’s the higher amount which is mentioned as the pension rate but many of us who retired before 2016 are in the lower rate.
I worked and paid NI for nearly 50 years and amazed that this isn’t discussed more.
My tech skills aren’t up to linking so will leave it to anyone who wishes, to seek out the petition.

V3ra Fri 22-Mar-24 09:58:21

Factsheet 19 - State Pension - Age UK www.ageuk.org.uk/globalassets/age-uk/documents/factsheets/fs19_state_pension_fcs.pdf

Lots of information in here.

The current state pension age is 66.
It starts rising again from 6th May 2026 and reaches 67 by 6th March 2028.
This affects people born between 6th April 1960 and 5th April 1977.

Glorianny Fri 22-Mar-24 09:55:57

I've just had a letter about my pension increase. I also get a pre 97 additional pension and a post 97 additional pension which take my overall payment up to the £200. So there are adjustments which increase the payment.

LizzieDrip Fri 22-Mar-24 09:53:50

Sorry to hear that Smileless. Even a few months makes a difference when we’ve had to wait so longflowers I was practically counting the days by the time I got mine!

growstuff Fri 22-Mar-24 09:48:23

Smileless2012

Yes it does Lizzie, thank you for the information. I've missed out on a year by exactly 2 months.

No, if you were two months older, you would have received your pension at 66 years 10 months, so you've missed out on two months.

www.gov.uk/government/publications/state-pension-age-timetable/state-pension-age-timetable

Smileless2012 Fri 22-Mar-24 09:42:17

Yes it does Lizzie, thank you for the information. I've missed out on a year by exactly 2 months.

LizzieDrip Fri 22-Mar-24 09:39:39

Smileless “Anyone born after March 5, 1961 aged 62 years old or younger today won't be allowed to access their state pension until they're at least 67.”

Does this fit with your circumstances? If not, it might be worth contacting the Future Pensions dept. Unfortunately, the state pension age appears to be increasing all the time😢

Smileless2012 Fri 22-Mar-24 09:21:04

I wont get mine until I'm 67 yet I keep hearing on television reports that women are eligible at 66 confused.

LizzieDrip Fri 22-Mar-24 08:55:52

You can't have it all ways. Those who had to work until they were 66 had to work for longer than you to receive anything at all so how do you think those people should be compensated? You've enjoyed 6 extra years of retirement, pension and all associated benefits and you now want the extra money too? Give me strength! As if the WASPI women haven't been screwed over enough

I agree PuddyCat. I also agree that women shouldn’t be fighting other women about this issue. That said, there have been some ‘heartless’ comments made by GN posters on previous threads about WASPI women - saying we were stupid not to have known about the pension age increase etc. The entire system is clearly a mess with unfairness for women in many areas.

nightowl Fri 22-Mar-24 07:53:41

PuddyCat

You can't have it all ways. Those who had to work until they were 66 had to work for longer than you to receive anything at all so how do you think those people should be compensated? You've enjoyed 6 extra years of retirement, pension and all associated benefits and you now want the extra money too? Give me strength! As if the WASPI women haven't been screwed over enough. angry

There are a lot of WASPI women on the old pension who have been screwed over in a different way, as I said above. Women really shouldn’t be fighting other women on this.

And as for the suggestion that 76 might be the equalisation age, I think the last of the women who were able to claim their pension at 60 are already approaching or over 76 so we’ve almost reached the point where this could be a good argument.

Calendargirl Fri 22-Mar-24 07:34:49

PuddyCat

You can't have it all ways. Those who had to work until they were 66 had to work for longer than you to receive anything at all so how do you think those people should be compensated? You've enjoyed 6 extra years of retirement, pension and all associated benefits and you now want the extra money too? Give me strength! As if the WASPI women haven't been screwed over enough. angry

No, I don’t think those who retired at 60 expect to get extra. They received their pension at the original age.

I received mine at nearly 63, but am certainly on the ‘old’ pension.

I am pleased to have been getting it since then. I think a colleague who is about 4 months younger than me had to wait a bit longer, but then received the higher amount.

Chardy Fri 22-Mar-24 07:30:38

Women born in 1952 lost £20k by having to wait an extra two and a half years to get their state pension, and when they received it, it was at the old rate.

karmalady Fri 22-Mar-24 06:58:09

There is a huge discrepancy for a lifetime, could be over 30 years. Someone said that 76 is the age at which we should all receive the same higher state pension, I agree.

karmalady Fri 22-Mar-24 06:56:10

nadateturbe

V3ra thanks for the link. Signed and shared.

me too

JaneJudge Fri 22-Mar-24 06:45:26

I thought it had raised to 67 now and the age threshold is going to continue to rise?

PuddyCat Fri 22-Mar-24 04:30:14

You can't have it all ways. Those who had to work until they were 66 had to work for longer than you to receive anything at all so how do you think those people should be compensated? You've enjoyed 6 extra years of retirement, pension and all associated benefits and you now want the extra money too? Give me strength! As if the WASPI women haven't been screwed over enough. angry

growstuff Fri 22-Mar-24 04:27:17

nadateturbe

Pension credit is means tested. Shouldnt be. Therefore if you live with someone who brings your joint income above the qualifying level, you don't get it. Which is unfair. I paid more contributions than those receiving much more.

There has never been much correlation between the amount people (especially women) pay in NICs and the amount they receive in state pension and pension credit.

The system is a mess. It's an attempt to combine contributions paid and need during pension years.

nadateturbe Fri 22-Mar-24 02:57:50

V3ra thanks for the link. Signed and shared.

nadateturbe Fri 22-Mar-24 02:56:48

Pension credit is means tested. Shouldnt be. Therefore if you live with someone who brings your joint income above the qualifying level, you don't get it. Which is unfair. I paid more contributions than those receiving much more.

nadateturbe Fri 22-Mar-24 02:38:08

The living expenses are the same no matter what age you retire at. Should be the same.
I thought raising the retirement age was because people were living longer.

LizzieDrip Fri 22-Mar-24 01:18:30

Yes, I believe the new state pension is slightly more than the old one because those on the new pension had wait until age 66 to get theirs. It will take many years for those on the new pension to ‘make up’ the difference caused by those extra 6 years.

V3ra Thu 21-Mar-24 23:16:09

you.38degrees.org.uk/petitions/new-state-pension-should-apply-to-all

silverlining48

rafichagran Thu 21-Mar-24 23:16:01

I should add that I feel sorry for the pensioners who waited to 62/63 who not only got ot later but were on the old pension. This does need to be looked at.

rafichagran Thu 21-Mar-24 23:13:53

I am on the fence about this, people on the new state pension had to work 6 years longer to get theirs like me. Others through either ill heath or cicumstance were financially ruined by this. The people on the old state pension had a regular income for 6 years longer than the people on the new state pension.

I am undecided whether to sign because of the reasons above.

M0nica Thu 21-Mar-24 23:13:33

what about Pension Credit? People on th eold pension can claim that, I do nto think those on the new pension can.

V3ra Thu 21-Mar-24 23:11:17

you.38degrees.org.uk/petitions/compensate-all-women-affected-by-the-dwp-s-state-pension-failures

silverlining48