Pension compensation for Waspi women 'unfair to taxpayers', says Rachel Reeves
manchestereveningnews.co.ukChancellor Rachel Reeves said that paying an “expensive compensation package” to women affected by changes to the state pension age would not be the "best use of taxpayers' money".
Ms Reeves said that while she understood the disappointment of those who supported the Women Against State Pension Inequality (Waspi) campaign, the government had decided against the payouts because the "vast majority" of people knew about the changes.
The government revealed on Tuesday it would not compensate millions of women born in the 1950s who say they were not given sufficient warning of the state pension age for women rising from 60 to 65.
It was supposed to be phased in over 10 years from 2010, but in 2011 was accelerated to be reached by 2018 - then rose again to the age of 66 in 2020.
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