State Pension Age — Statement

Part of the debate – in the House of Lords at 3:40 pm on 2nd March 2016.

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Photo of Baroness Kramer Baroness Kramer Liberal Democrat Lords Spokesperson (Treasury and Economy) 3:40 pm, 2nd March 2016

My Lords, as Pensions Minister, Steve Webb set up a system for gradual rises in the state pension age that was widely hailed as both fair and affordable, so why are the Government seeking so soon to unpick this consensus? Are they contemplating changes that will fall harshly on low-income earners, especially women, who depend on the state pension and have no private pot to enable them to retire earlier?

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Jeff Chipps
Posted on 3 Mar 2016 9:29 pm (Report this annotation)

You are quite right to be suspicious of the 2014 Pension Act, as this is the Act that puts the unjustifiable freezing of state pension into law without debate. This disgusting and inhumane law was approved by Committee, pushed through by Steve Webb who told the Commons he didn't want to use their valuable debate time to deal with something so relatively minor.
Mr Webb was a LibDem Minister, so you should be aware of his devious methods of getting his own way, In respect of the frozen pension policy in particular. He knew more about it than most in Parliament, about continuing its cruel impoverishing affects (when he was a Minister) and when he rightly condemned it (when as an MP, opposing this shameful policy, he spoke the truth).