The UK’s Department for Work and Pensions (DWP) has shared new information about a payment plan for the WASPI campaign. This campaign plans to give £1,000 to £2,950 to qualified women aged 60 to 66.
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DWP WASPI New Update:
The PHSO said that women born between April 1950 and 1960 should get money because they weren’t told clearly about changes to when they can retire. The DWP wants to sort this out as soon as they can. They’re looking at a report that says the DWP didn’t do a good job of telling women that they would have to wait longer to retire. Some women found out less than a year before they planned to retire. The PHSO thinks they should get between £1,000 and £2,950, but some people wanted more than £10,000.
The DWP might not give out the money that the PHSO suggested, so the PHSO has asked Parliament to step in. People have strong feelings about this, and some don’t think it’s fair or affordable. Mel Stride, who’s in charge of the DWP, has been asked to say when a decision will be made. But he says they need to think carefully about the report before saying anything.
According to the DWP’s update on the WASPI campaign How will be provided?
The PHSO suggests that women affected by changes to the State Pension age should get between £1,000 and £2,950 each. This comes after a report said that these changes weren’t clearly explained to women born in the 1950s. But the DWP hasn’t said yet if they’ll follow these suggestions. The WASPI campaigners want more money, about £10,000 per woman, but the DWP hasn’t agreed to this. The DWP thinks that payments less than £1,000 would be similar to what these women got before.
Who is eligible for DWP WASPI?
The WASPI compensation is for women born between April 6, 1950, and April 5, 1960. They were affected by the increase in the State Pension age from 60 to 65, and then to 66. The WASPI campaign says these women weren’t told properly about this change, which caused them financial and emotional problems because they didn’t have enough time to plan for retirement. About 3.8 million women are affected. The amount of compensation hasn’t been decided yet, and the DWP is still thinking about the PHSO’s suggestions.
When will I get my first DWP WASPI Amount?
We don’t know yet when the first WASPI compensation payment from the DWP will be. The DWP is still thinking about what the PHSO suggested. Once they decide how much money to give and who gets it, they’ll probably tell us when the payments will be made. For the latest information, women affected should watch for updates from the DWP and the WASPI campaign. They’ll give details about when and how the payments will be made once they’ve decided.