WASPI Compensation Latest News: Know Eligibility & First Payment Date

The Women Against State Pension Inequality (WASPI) campaign has faced another challenge due to recent political developments in the United Kingdom. Prime Minister Rishi Sunak announcement of a general election on 4 July 2024 has led to the termination of Parliament, causing a delay in important governmental operations.

There is now even more uncertainty related to the WASPI Compensation women’s received for the unexpected state pension age increase from 60 to 66. Through the article individual will get to know all the details regarding WASPI Compensation Latest News, including its overview, impact of election, eligibility criteria, WASPI amount and more.

WASPI Compensation Latest News

The WASPI program has continuously encouraged fair compensation for over a decade, due to the government’s mishandling of state pension age changes. The Parliamentary and Health Service Ombudsman (PHSO) recognized the financial burden experienced by these women and offered a compensation scheme in their March report.

The House of Commons was encouraging the government to implement this scheme in the month of July 2024, providing support to those affected. However, with the dissolution of Parliament in preparation for the upcoming general election, can lead delay in the compensation process or it may be stopped till election results.

WASPI Compensation – Overview

Organization	Department for Work and Pensions
Name of Campaign	DWP WASPI Campaign
WASPI	Women Against State Pension Inequality
Country	UK
Compensation Amount	£1,000 – £2,950
Age Criteria	60 to 66 Years
Category	Government Aid
Official Website	https://www.waspi.co.uk/

DWP WASPI Campaign

The recent PHSO report suggested providing Level 6 compensation, which ranges from £3,000 to £9,950 per person, for the women affected by the DWP’s corruption, aiming to reduce their financial and emotional burdens. The SNP MP Alan Brown had planned to introduce the State Pension Age Compensation Bill in the month of July, but with the announcement of the UK general election and Parliament’s dissolution, the bill has been delayed continuously.

Impact of UK Elections

• The UK general election could play a crucial role in providing compensation for WASPI women affected by state pension age changes.
• WASPI groups are encouraging political parties to prioritize the compensation bill, with promises to act quickly if elected.
• If they are re-elected, leaders like Mr. Brown have committed to bring back the law.
• The SNP supports the PHSO report’s suggestions, while the Liberal Democrats are committed to ensuring the suggested compensation for WASPI women.
• This election offers the next government a chance to address these women’s financial worries while showing the significance of their votes in determining political promises.

Eligibility Criteria for WASPI Compensation

• Eligibility for WASPI compensation is determined by UK Government which includes women born between April 6, 1950, and April 5, 1960.
• These women were affected by the State Pension age increase from 60 to 65, and next to 66.
• The WASPI campaign claims that poor communication from the government left these women with little time to adjust their retirement plans.
• Approximately 3.8 million women are impacted by these changes and due to that many women experience financial problems.
• A final WASPI Compensation decision has not yet been issued by the Department for Work and Pensions (DWP).
• The DWP is currently reviewing recommendations from the Police and Fire Service Ombudsman (PHSO).

WASPI Compensation Amount

• Women affected by changes to the state pension age are to receive more compensation, according to the Women Against State Pension Inequality (WASPI) campaign.
• They suggest increasing the amount for each woman from £1,000 to £2,950.
• A specific compensation amount for 2024 has not yet been decided upon by the Department for Work and Pensions (DWP).
• According to the DWP, benefits under £1,000 would be in accordance with past agreements.
• The suggestion comes from research showing that women who were born in the 1950s were not given sufficient information about changes to pensions.
• No final decision has been made, and the DWP has not confirmed if it will accept the suggested amounts.

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