State Pension Age: Women

Part of the debate – in the House of Commons at 4:19 pm on 30th November 2016.

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Photo of Ian Blackford Ian Blackford Shadow SNP Spokesperson (Pensions) 4:19 pm, 30th November 2016

I will come on to cover that point, but the fact remains that the national insurance fund will be sitting with a surplus of close to £30 billion by the end of this decade. There will be £30 billion of contributions in the national insurance fund. There is no question but that the Government can afford to do this: there is a surplus. The national insurance fund has to retain two months’ cash flow, but that can still be done by putting in place what we are asking the House to do today, which is—as in the Landman report—to push back the increase in women’s pensionable age and to make sure that the women worst affected get recompense and fairness.

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Andy Robertson-Fox
Posted on 3 Dec 2016 7:22 am (Report this annotation)

The retention of two months cash flow is only a recommendation by GAD, not a requirement of government.