The Prime Minister has said that an update on State Pension age compensation for WASPI women and other women born in the 1950s affected by changes to their State Pension age could be made 'in the not too distant future'
The Prime Minister has indicated that women from the Women Against State Pension Inequality campaign, along with other 1950s-born women impacted by State Pension age alterations, could soon receive news regarding a compensation scheme. Sir Keir Starmer relayed to journalists that Liz Kendall, the Secretary of State for Work and Pensions , is expected to provide an update "in the not too distant future".
Last week, Ms Kendall informed the Work and Pensions Committee of her commitment to addressing the State Pension age compensation issue for WASPI women "as soon as possible". The head of the DWP described the situation as "extremely complicated", acknowledging the vast amount of information to review but emphasised that the government "needs to get it right".
The report also highlighted that women who were unaware of the changes lost the opportunity to adjust their retirement plans due to delay. The report stated "Parliament must urgently identify a mechanism for providing that appropriate remedy" and suggested compensation equivalent to Level four on its banding scale, which is worth between £1,000 and £2,950, reports the Daily Record.
She added: "The Chancellor rightly acted quickly to compensate victims of the Post Office and infected blood scandal in last month's Budget but WASPI women were left behind. Only the Government has the power to put this historic injustice right and we urge ministers to set out their proposals to compensate a generation of women who had their retirement plans ripped up at the last minute as quickly as possible.
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