Around 15,000 women will fail to qualify for entitlement to the basic state pension, despite earning enough money from multiple jobs to put them above the Lower Earnings Limit, claims the Department for Work and Pensions.
In his blog on the DWP website, James Purnell, Minister for Pension reform, admits that while the reforms currently going through Parliament in the Pensions Bill will mean over 90% of women will receive a full BSP from 2025 compared to around 30% today, 15,000 women will not earn enough to qualify for the BSP. He says: “Some people will still not accrue a full State Pension, even after our reforms, for a number of reasons - perhaps because for a part of their working life their earnings were below the ‘Lower Earnings Limit’. But over the past few months the Department’s analysts have been...
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