Margaret Ferrier – 2016 Parliamentary Question to the Scotland Office

The below Parliamentary question was asked by Margaret Ferrier on 2016-01-27.

To ask the Secretary of State for Scotland, if he will take steps to provide compensation for people in Scotland who have lost out financially as a result of the increase in the women’s pension age.

David Mundell

In-work and out of work working age benefits are available for those who have not yet reached State Pension age.

The women affected by the Pensions Act 2011 will reach State Pension age after the introduction of the new State Pension, which will be more generous for those historically worse off under the current system.

Further, a £1 billion concession was made, limiting the delay that anyone would experience to their State Pension age to 18 months, relative to the Pensions Act 1995 timetable. This mitigated the effect of the changes for those most affected by the Pensions Act 2011.