Tory pension plan leaves 300,000 Welsh women in limbo

October 6, 2009 12:00 AM

Commenting on Tory claims that they would save £13bn a year by moving the male retirement age from 65 to 66, Jenny Willott, Welsh Liberal Democrat MP for Cardiff Central and Member of the Work and Pensions Select Committee, said:

"It is frankly impossible for the Tories to save a whopping £13bn a year by raising the state pension age of men alone.

"Under George Osborne's plans, women's pension age would have to increase each year until 2016 to save this much money. This would massively speed up the changes to the female retirement age, or there could be a huge jump from women retiring at age 63 in 2015 to retiring at 66 in 2016.

"The Tories must be honest to the 300,000 Welsh women who are nearing the current state retirement age. People need time to plan for their future, changing the rules so close to the time is simply unfair."

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