Issue - meetings

Notice of Motion: Make fair transitional state pension arrangements for 1950s women

 

 

Meeting: 15/09/2016 - Lead Member for Resources and Climate Change (Item 8)

8 Notice of Motion: Make fair transitional state pension arrangements for 1950s women pdf icon PDF 134 KB

Report by the Chief Operating Officer

 

Additional documents:

Minutes:

8.1       The Lead Member considered a report by the Chief Operating Officer.  It was confirmed that two further Group Leaders had agreed to sign a letter to the Government in support of the motion.

DECISIONS

8.2       RESOLVED to recommend that the County Council:

            i. notes the report
            ii. agrees the motion as written; and
            iii. agrees that a letter supporting this motion is sent to the Government signed by Councillor Glazier, Councillor Shing and other Group Leaders.

Reasons

8.3       As a consequence of the 1995 and 2011 Pensions Acts, women born in the 1950s will have to wait longer to draw their state pension.  The age at which they can draw their pension is rising by up to six years from when they had expected to retire.  Furthermore, many did not receive letters notifying them of these changes and in any event, even those that did received very little notice.  Accordingly, the women affected report that this has had a significant impact on their financial plans for retirement.