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Waspi women denied state pension age compensation for the second time
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News - The i Paper
The Women Against State Pension Inequality (Waspi) campaign has been pushing for payments for 3.6 million women who expected their state pension at 60, but were forced to wait another five or six years.
Waspi compensation bill would be £10.3bnMcFadden told the Commons that a flat-rate compensation scheme for all 1950s-born women would cost up to £10.3bn.
The minister said it “would simply not be right or fair, given it would be paid to the vast majority [of women] that were aware of the [state pension age] changes”.
Compensation for affected women ‘not practical’Some affected Waspi women gave up their jobs before they were aware of the pension age changes – a decision they say has pushed them into financial hardship.
McFadden said Labour had voted against “the acceleration in the rise to the state pension age that was put through by the [Conservative-led] Coalition government”.