Emma Reynolds MP has condemned government proposals which will force 500,000 women to wait more than a year before receiving their pension.

Proposals contained in the Pensions Bill will speed up the timetable for the equalisation of the pension age between men and women, meaning that thousands of women aged 56 and 57 years old will have to wait longer before receiving their pension, including 2,800 in Wolverhampton.

Emma said, “Yet again this government is penalising women unfairly. The plans to increase the state pension age disproportionately affects women, and 2800 women in Wolverhampton are being made to wait up to two years longer for their state pension.  Many are women who have juggled working lives with raising a family, and who have very little retirement saving to fall back on. The lack of warning of these changes means they do not have enough time to adjust carefully thought-out retirement plans and leaves them feeling robbed of their pensions.”

19 May 2011