Compensation package for Waspi women

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Labour has pledged compensation packages for millions of women hit by state pension age rises imposed by the Tories.

Pay-outs of up to £31,000 will be made, with an average payment of £15,000.

The scheme will be delivered within Labour's first full five year term of government.

Payments will go to women born in the 1950s who had their state pension age hiked.

David Cameron's coalition government presided over a change in the law that increased the women's state pension age to 65 in November 2018 - followed by 66 in October 2020.

Labour will introduce a compensation scheme as rapidly as possible for the 3.7million women hit by the changes, which Cameron's Tory-Lib Dem government imposed in 2011.

It comes after Boris Johnson u-turned on his pledge to help those affected.

He dismissed the concerns of a woman who has lost out on her pension, telling her it’s “not possible” to right the huge wrong she and so many others have suffered.

The next Labour government will compensate women who were unfairly hit by the rise in the state pension age and give them the respect they deserve.

They were not able to prepare and have had to suffer serious financial consequences as a result.

We have a historic debt of honour to them.


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