The state pension age for women has rise to 65 to match men for the first time.
The equalisation of the state pension age at 65 is the first step towards a rise to 66 for both sexes in two years (October 2020), and a planned further increase to 67 starting from 2026. Another rise to 68 from 2039 was recommended by the official Cridland review this year, which will hit workers currently in their late 30s and early 40s.
The accelerated timetable for equalising then raising the state pension age has hit women especially hard, according to the campaign group Waspi (Women against state pension inequality), with about 3.8 million women born in the 1950s forced to wait up to an extra six years to receive a state pension.
Lower wages and broken employment periods, which may result in women failing to build a full national insurance record, mean they receive lower state pensions than men. In November 2017, the average weekly amount of state pension received by women, at £126.45 per week, was 82% of that received by men (£153.99).
Women in their 60s also have a fraction of the pension savings that men have.
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