Plaid Cymru leader Leanne Wood has written to the Chancellor calling on him to use next week’s Budget to phase in the equalisation of the state pension age, in order to ensure that no one misses out. Leanne Wood said that changes to pension arrangements have been imposed on women without appropriate notification and that changes should be phased in.
Writing to the Chancellor on International Women's Day (08.03.2016) ahead of the UK Budget next week, Party of Wales Leader Leanne Wood said:
“I am sure you are already aware that many women have had significant changes to their pension arrangements imposed upon them, without appropriate notification as a result of the Pensions Act 2011.
“In next week’s Budget, you have the opportunity to correct this injustice by phasing the equalisation of state pension age changes in a manner that ensures nobody will lose out. I ask that you do this.
“While Plaid Cymru would welcome the equal treatment of women with regard to the state pension age, this also requires the equal treatment of women in other spheres such as the workplace, earnings and life opportunities – something that the women affected by the Pensions Act 2011 have not received.
“I am also concerned that the raising of the state pension age will disproportionately affect women in Wales. The population here has a lower life expectancy on average. This means that people here are less likely to be able to realise the benefits from the state pension, as well as being less likely to be able to rely upon accrued wealth in retirement.
“I look forward to your response to this issue in next week’s Budget.”