State Pension: Impact of Changes on Women

Part of Opposition Business – in the Northern Ireland Assembly at 6:00 pm on 26th September 2016.

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Photo of Paul Givan Paul Givan DUP 6:00 pm, 26th September 2016

Let me just crystallise it for the Member. To undo the 2012 reforms across the United Kingdom would cost in the region of £30 billion. To undo the 1995 pension reforms would cost approximately £77 billion up to 2020-21, and the costs would continue to accrue after that period. That is on a UK-wide basis. Let us make those arguments at a national level. On the basis of those figures, it is estimated that, in Northern Ireland, such measures could cost £750 million and £1·93 billion respectively.

I say to Members very clearly that the motion should be supported and the battle should be taken at a UK-wide level, but to suggest that Northern Ireland should break with the approach that we have taken on the issue is entirely reckless when it comes to public funding. I note that there has been not one suggestion from the SDLP as to how that would be funded.