The State Pension age for women rose to meet that of men on Tuesday, at 65. However, there has been criticism about the manner in which this parity has been reached, as well as comment about the fact that this actually sin’t equality, as women’s pensions are still lower than men’s on average. Poverty warnings have been given as well, for the women whose retirement date has been shuffled back faster, and further, than expected, leaving them with a shortfall in their incomes.
Right now, the current retirement age is 65, for both sexes. It will rise to 66 in October 2020, and to 67 from 2026. There is a recommendation that it rises again to 68 from 2039.
With the increase being arranged with 5 years’ notice, many women were given little time to find alternative income, and the change was poorly signposted, meaning that many women did not find out about it until they reached the previous women’s retirement age of 60.
In addition, due to lower wages over their lifetimes, and a broken work record, due to caring for families, the average woman’s weekly state pension amount is £126.45, compared to £153.99 for men.
For more about this, see an article in the Guardian.