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Women 'will get rotten pensions for years to come', says minister

February 14, 2013 1:37 PM
By Rowena Mason in The Telegraph
Originally published by East Midlands Liberal Democrats

Steve Webb, the Liberal Democrat pensions minister, says Government reforms to even out payments for men and women will take a long time to work through the system.

Women get "rotten pensions" compared with men and will do for "some years" to come, a Liberal Democrat minister has said.

Steve Webb, the pensions minister, said the Government's pension reforms will help even out payments for men and women but this will take a long time to work through the system.

"For someone starting work tomorrow it will be even," he said. "But because there's so much history in pensions, it'll still be the case for some years that men do better."

Mr Webb made the remarks as he was tackled by a pensioner over her daughter's pension while he campaigned for the Liberal Democrats in the Eastleigh by-election.

He said women "often get rotten pensions" but promised the Government's new flat rate pension of around £155 per week would help make things better.

"What I've tried to do is have this flat figure, which treats time at home with the kids just as much as a high paid job, and that doesnt depend on what you used to earn."

The Government has promised its pension reforms will make the system fairer when it starts in 2017. However, the plans have also been criticised for making more than six million workers pay more in National Insurance tax contributions.

Comment

I am glad that the Minister is working on this. It is time the we had equal pensions, but the promised increase should be for those who are already trying to manage on the meager amount they get.

Single women have always had the short straw . They work all their lives for less than a man and they have the same outgoings.

It is a step in the right direction but too slow.

I appreciate your efforts.

Judith Woolley

Amber Valley