No transitional payments for WASPI women
More than two million women whose state pension age has been increased by up to six years were told this week not to expect any help from the Government. The action group Women Against State Pension Inequality or WASPI is campaigning on behalf of women born in the 1950s whose pension age was raised from sixty to as much as 66 with little or no notice. That left them looking for work in their sixties to try to replace what could be £40,000 in lost state pension. They were given some hope when a new Secretary of State for Work and Pensions replaced Iain Duncan Smith after the Pensions Minister Ros Altmann told Money Box she was hoping to help the women.
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