The Labour Party has announced that in government it will introduce a scheme of weekly payments to compensate 1950s born women who were unjustly hit by the Tories’ State Pension rise.
Pay-outs of up to £31,000 will be made, with an average payment of £15,000, Shadow Chancellor, John McDonnell, announced. The scheme will be delivered within Labour’s first full five-year term of government.
The compensation scheme would help the 5,300 Beverley and Holderness women affected by the changes to the State Pension age.
Chloe Hopkins, the Labour Candidate in Beverley and Holderness, said:
“I could not be more delighted with this Labour Party pledge to compensate 1950s born women for the unfair treatment they have suffered.
In Beverley and Holderness around 5,300 women were affected by the changes to the State Pension age and so many of them have told me about the personal losses and difficulties they have faced.
I have been proud to stand in solidarity with WASPI (Women Against State Pension Inequality) campaigners, and this policy is really a testament to their tireless efforts to fight to highlight and address the wrong they have experienced.
A Labour Government will always listen to the people fighting against injustice and offers real change for 1950s born women and for ordinary people across this country.”