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Extra pension wait for 30,000 women

Increases to the state pension age will result in about 30,000 women having to work two years longer than they had previously planned.

Measures introduced by the Government mean that women born between March 6 and April 5 1954 will have to wait until they are 66 before they can start drawing their state pension, rather than 64 as under previous arrangements.

These women will face the longest wait out of all the 5.1 million people who will be affected by the proposals to raise the state pension age to 66 between 2018 and 2020.

The change will cost them £5,078 a year in pension payments at the current rate of £97.65 a week, although the figure could be as high as £7,280 a year if the Government presses ahead with plans to raise the state pension to £140 a week.

Labour's pensions spokeswoman, Rachel Reeves, who obtained the figures through a Parliamentary question, called for the increase to 66 to be delayed until 2022.

Pensions minister Steve Webb said: "In a country where 10 million of us will live to be 100, we simply can't go on paying the state pension at an age that was set early in the last century."

Copyright © Press Association 2011

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