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Women who were born in the 1950s look set to be unfairly disadvantaged by changes to the state pension age.
Under the new rules, the state pension age for women will rise from 60 to 66 by the year 2020, and will be the same as the retirement age for men. It means some women who had thought they’d be retiring at 60 will now be required to work for another 6 years before they can begin taking their state pensions.
While many people agree with the principle of equal retirement ages, the disadvantages come through the speed with which the changes are being made. Many women who’d expected to start taking their state pensions between 2016 and 2020 only found out in 2011 that they would now be expected to work for longer. Meanwhile, men are being given longer to prepare – their state pension age will only start rising in 2018.