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July 2019

Parity History March 2019

A brief glimpse into the formation and birth of Parity-UK, and the path the charity has taken when highlighting and taking a stand on topics of the day.

PARITY

June 2019

Annual General Meeting - June 2019

PARITY UK has our Annual General Meeting at Union Jack Club, Sandell Street,SE18UJ. The Meeting will be on the Saturday 8th June 2019 from 12pm.

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State Pension Age Review

 

For women, the research found no increase in healthy life expectancy over this period. The researchers broad general conclusion, based on interpreting both their figures and official data together, was that, while healthy life expectancy may have risen between 1992 and 2002, the increase was probably considerably smaller than the increase in overall life expectancy.

 

The Call for Evidence document indeed recognises that differences in life expectancy across the population still persist. The socio-economic and health impact on vulnerable groups of raising the state pension age to 66 and higher should therefore be carefully considered.

 

Final comments

 

PARITY recognises the tension arising between (a) on the one hand, the problems of the present economic crisis, and (b) the huge difficulty with rising life expectancy (although see NIECR research referred to above) and the resulting pension issues, in both the state and private sectors.

 

However, the fact that the National Insurance Fund, originally intended to pay specifically for state pensions and insurance risks such as unemployment, etc, is now in substantial surplus, should also be taken into account. It is also a fact that state pension provision in this country is not over-generous, even with present state pension ages, and provides a poor investment return on NI contributions. Raising state pension ages above 65, with no corresponding improvement in the state pension itself, or other compensatory measures, will provide an even poorer investment.

 

PARITY urges that, if it is deemed necessary to raise state pension age to 66 sooner than 2026, then it should do so equitably for both men and women, and with reasonable prior notice. Six years, as has been suggested, for raising men�s state pension age to 66, is not enough. Women were given 25 years notice of the rise in their state pension age to 65 by 2020. It is only fair that men, especially given their shorter longevity, should also be given substantial notice of any change to their state pension age to 66, if this is before the present intended date of 2026.

 

PARITY is ready to respond to any queries raised by this Response.

Sincerely,

 

John Mays
Chair

 

David Yarwood
Honorary Secretary

 

Reference

(1) Khoman E, Mitchell J, & Weale M. (2008). Incidence-based Estimates of Healthy Life Expectancy for the United Kingdom: Coherence between Transition Probabilities and Aggregate Life Tables. Journal of the Royal Statistical Society: Series A, Vol. 171, pp. 203-222

 

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