Compensation / Pension Ages

Compensation

Compensation to 1950s and 1960s Born Ladies 

Pay compensation, Tax Free, 
for lost state pension between ages 60-66 
 
1951 to 1959 born ladies 
PAY SAME MONEY FOR THOSE WHO LOST STATE PENSION 
Our Over 50s & Young Labouring ages party brand government, by your kind votes, would seek you out,
so quicker to do than millions of ladies
writing in to claim

COMPENSATION 1951 to 1959 LADIES 

 1951 ladies  - £7,000 

1952 ladies -  £14,000

1953 ladies £21,000 

1954 to 1959 ladies -  £35,000 



1960s born ladies' COMPENSATION 

1963 and 1964 born ladies - £7,000 
1961 and 1962 ladies - £14,000 
1960 ladies - £21,000 

EXAMPLES 
1963 born ladies turn 61 in 2024.

If general election is December 2024
then 1964 born ladies turn 60 in 2024,
so turn 61 in 2025) 


PENSION AGE 60 

1965 born (aged 59 in 2024) onwards -
No compensation,
as start pension payment age 60.


MEN PENSION AGE
BACK TO 65

Men who turn 65 from year of general election - get back pension age 65 instead of 67. 

Start process of new law for pension age 60 for men, which takes around 2 years. 


HOW FUNDED?
Compensation Funded, national debt free,
by increased rate on maximum salary thresholds:

1st Tier - Current maximum salary threshold increase from current 2 per cent
to 10 per cent rate
on worker National Insurance contributions.  

2nd Tier - Rise to
new 45p start rate,
after which pay
full standard
12 per cent
worker National Insurance contributions
on all further wealth. 

LOWER PENSION AGES to 1960s to 1980s born onwards

1960s born 

• Pay 1960s born women, full state / works / private monthly pensions immediate upon general election win, who are between age 60 and 67. 

• Pay state pension on 60th birthday. 


1970s born men & women 

WORKS / EARLY PENSION AGE 50 
Age 50 Full Works / Private Pension for manual jobs, such as:
  • cleaners, 
  • kitchen staff, 
  • shop assistants, 
  • NHS nurses and Healthcare Assistants, nursing associates,
  • NHS hospital porters,
  • NHS ambulance crew, 
  • Fire and Rescue staff, 
  • Police,
  • Military,
  • construction workers, 
  • farm workers, 
  • farmers and farmer's wives doing farm work on owner occupied farms, and 
  • other jobs needing strength and youth. 
Works pension age, amend contract law. 


  • Revert early works pension age back down to age 50 for everyone else. (1980s born by 2024). 


FOR 1970s BORN WITHOUT WORKS PENSIONS

UK RESIDENTS - OVER 50s ALLOWANCE 

  • Automatic Over 50s Allowance from age 50 men and women, for UK residents, with government liable for errors. No need to actively seek work. 

For people -
  • fallen out of work, 
  • with no works pensions. 

1980s Born 

  • You have had pension age 68 since 2007. 

  • By now you may have risen to early works pension age 57 or even 58.
 
  • Threat if you vote for any other party but us, of further pension age rise to 70 going on 75, so early works pension age 65. 


ILL HEALTH WORKS PENSIONS

• Make ill health early works pension payment easier, for inability to do the job they are employed in, not any job at all. 


BACKGROUND - 1950s, 1960s & 1970s born

OVER 50s PARTY GOVERNMENT would grant works & state pensions between ages 50 and 60 to women and between 50 and 65 to men.

  • Official figures of ONS show that in the last two years – almost since the Covid pandemic started – the same problem as hit 1950s ladies from age 60, is hitting men born in the 1950s and 1960s as they wait until they can claim pensions at the age of 66.

  • Latest figures released by ONS (2021-2022) show that half the men who have been on the dole for more than 12 months are over 50.

  • The proportion of both men and women who have been on the dole for more than a year has risen from 34 per cent to 41 per cent. 

  • Unemployment amongst people aged over 50 is up 23% compared with pre-Covid levels. 

  • Half of all unemployed men aged over 50 have been unemployed for more than 12 months.

  • Both men and women who have health issues over the age of 50 ( and who doesn’t) and find it difficult to stay in work are being confined to a twilight existence until they get their pension, which is being remorselessly made later and later in their lives by an uncaring government. 

  • And Labour and Lib Dems when in government before this Tory one. Remembering Labour abstained from voting against the loss of triple lock on pensions from this April 2022 when energy bills are rising by more than half. 

Source: David Hencke Blog February 7, 2022 


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