Coilla Drake

26 November 2019

The generation of women born in the 1950s were betrayed by the Conservative/Liberal Government’s decision to accelerate the equalisation of the state pension age, yet the Tories are refusing to support women who’ve seen their retirement plans scuppered.

Labour will compensate 1950s women with a “weekly redress” based on the number of lost weeks of their pension and the amount of time they had to prepare.

With a full weekly redress payment of £100, the average compensation would be £15,400, paid in annual instalments over five years.

Coilla said:

“I am a Waspi woman.

"I cared for my husband and father for twelve years till they passed at home in Westray as they wanted.

"When my husband died just before Christmas 2017, I was left with no income except a few weeks of carers allowance.

"I claimed JSA because it was £10 more a week.

"I felt like a criminal, the threat of sanctions made me very anxious.

"I spent seven weeks in Winter in Orkney with no heating or hot water because I didn't know if I would be able to pay the bill.

“We did not deserve to be punished in this way, women put so much into society in so many unseen and often unappreciated ways.

"Thank you for helping Jeremy, there are so many injustices to address when you get into Government.

“The Labour Party has set up a site so women can find out how much compensation they would be entitled to:

“ David Cameron’s coalition government presided over a change in the law that increased the women’s state pension age to 65 in November 2018 – followed by 66 in October 2020.

"Labour would introduce a compensation scheme for the 3.7million women hit by the changes, which Cameron’s Tory-Lib Dem government imposed in 2011."

Jeremy Corbyn, Leader of the Labour Party, said:

“This week, Boris Johnson dismissed the concerns of a woman who has lost out on her pension, telling her it’s “not possible” to right the huge wrong she and so many others have suffered.

"This is about consideration for those who have paid into the system all their lives and made this country what it is, only to be hung out to dry by a government that puts the interests of the richest first.

“The next Labour government will compensate women who were unfairly hit by the rise in the state pension age and give them the respect they deserve.

“The powerful and wealthy want you to believe that real change is impossible, that it’s not realistic.

“But it is possible with Labour.

"Because Labour is not on the side of the billionaires and the bankers, we are on the side of the people.”

The amount paid for each ‘lost week’ would depend on the year of birth: women born between 6 April 1950 and 6 April 1960 would be paid some redress:

£100pw up to 5 April 1955 and tapered down for those born after 5 April 1955.

On that basis, the individual redress payments would vary between nil and £31,300, with an average payment of £15,380.

The total cost of such a proposal is estimated to be £58 billion before tax, but it could be paid in instalments, e.g. £11.5 billion per annum, if paid over 5 years.

The compensation scheme is a one-off historical redress for a historical wrong, so the state will be expected to find the money, just as it would do if the Government lost a court case, rather than a policy decision.

Labour has set up a site that illustrates the compensation that women would be entitled to >>>

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