Labour MP for Redcar, Anna Turley, has criticised the mishandling of reforms to the state pension age for women which has ruined retirement plans for thousands of women on Teesside.
Today Labour held an opposition day debate on the changes passed by the previous coalition government in 2011 which accelerated the rise in the State Pension Age for women to 65 by November 2018, instead of 2020.
This has hit women born in the 1950s particularly hard who have not had enough notice to plan for their new circumstances.
Commenting, Anna said:
“The women who are set to lose out as a result of these mishandled reforms have worked hard all of their lives, but many have seen their retirement plans shattered with devastating consequences.
In Redcar constituency, an estimated 3,910 women will be affected by the accelerated increase with some suddenly having to wait up to an extra 18 months before being able to claim their pension. Across Teesside, around 30,000 women will be hit by the changes.
The pension minister who introduced the reforms recently described them as a ‘bad decision’ so even the government know they are wrong.
Today in the debate, Labour made it clear that it is not good enough to just look the other way.
We are demanding that they come clean about exactly what transitional protections were looked at and as a matter of urgency bring forward potential solutions to help many of the women who have seen their retirement plans ruined.
Inaction is no longer an option.”