Topical Questions

Part of Oral Answers to Questions — Work and Pensions – in the House of Commons at 2:30 pm on 28th January 2013.

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Photo of Steve Webb Steve Webb The Minister of State, Department for Work and Pensions 2:30 pm, 28th January 2013

Just to be clear, the women the hon. Gentleman is talking about will get exactly the pension that they thought they were going to get before we made our announcement, and they will get it on the day on which they thought they were going to get it. We have changed nothing at all. However, under the present system, if those women want to defer a pension for two years, they will get that on the current rules plus 20%, which is a generous rate of deferral.