By Ros Altmann, February 17, 2011
Major state pension changes are underway.
To save money, the government wants to rapidly increase the state pension age to 66. However, its plans will unfairly hit women, particularly those in their mid-to-late 50s, whose pension age was already rising to 65 by 2020 (under the timetable set in 1995). If you were born after 1953, you will be affected.
The Coalition Agreement originally promised no further changes to a woman's pension age before 2020. Shockingly however, it has reneged on these assurances.