House of Commons Library research released by the Labour Party reveals the true cost of last week’s pensions reforms to 600 women in East Durham who are set to lose out.
Women born in 1952 and 1953 will not be eligible for the single tier pension since they are due to retire in 2017, before the state pension reforms come into effect. Men born during the same period, however, will qualify.
The news comes after the Government claimed that “we have to be absolutely transparent [about who will lose]” yet he failed to make clear the full consequences of the planned reforms.
The unraveling of this latest pensions announcement is the second time this government has been caught trying to hide the full impact of its changes for pensioners following the Granny Tax.
Easington MP Grahame Morris said,
“Ministers have been caught red-handed by hiding the truth on pensions reforms.
“This government’s pensions changes have hit hardworking women in East Durham time and again and these reforms are no different. 600 women will be nearly £2,000 worse off compared to men, but instead of being honest with the women who will lose out, this government tried to bury the truth.
“Once again Ministers have been caught with their hands in pensioners’ pockets – it’s about time this government had the decency to be honest about who will lose out under their plans.”