Government measures forcing thousands of men and women in the city to work for longer before they are eligible for state pensions will only “worsen inequality”, Cambridge’s MP has said
Daniel Zeichner MP has slammed the impact of the Government’s proposed change to the state pension age on workers in Cambridge after shock new figures showed that thousands of the city’s workers will be affected.
The change will affect all of the city’s women and men currently aged between 39 and 47, who will be forced to work a year longer before they gain access to their state pension.
New figures from the House of Commons Library show an estimated 6,300 women and 7,000 men in Cambridge will be affected by increasing the state pension age to 68.
Nationally, 7.6 million people will lose out by £10,000 each under government plans to bring forward changes to the state pension age.
Daniel Zeichner MP said: “Its plans will just worsen the inequality caused by their failed austerity programme by punishing those who physically cannot work into their mid-sixties.”
Work and pensions secretary David Gauke said: “I want Britain to be the best country in the world in which to grow old, where everyone enjoys the dignity and security they deserve in retirement.
“At the same time we need to ensure that the costs of an ageing population are shared out fairly without placing an unfair tax burden on future generations.
“To deliver this we need to make responsible choices about the state pension age and that is exactly what the Government is doing today.”