DWP Announces New Update on WASPI Compensation: What You Need to Know
The Department for Work and Pensions (DWP) has recently announced a new update regarding the compensation scheme for women affected by the state pension age increase. This announcement has been met with mixed reactions, with some women welcoming the update and others expressing disappointment.
Here's a breakdown of the key points you need to know about the DWP's latest announcement:
Key Points of the New Update
- The DWP has confirmed that the compensation scheme will be available to women born in the 1950s who were affected by the state pension age increase.
- The scheme will provide a one-off payment to women who lost out on state pension payments due to the increase. The amount of compensation will vary depending on the individual's circumstances, including their date of birth and the amount of pension they missed out on.
- The DWP has stated that the scheme will be implemented as quickly as possible, but they have not yet provided a specific timeframe.
Who is Eligible for Compensation?
The compensation scheme is available to women who were born in the 1950s and who:
- Were born on or after 6 April 1951
- Were affected by the increase in the state pension age
- Had their state pension age increased to 65 or 66
It is important to note that the DWP is not yet accepting applications for compensation. Further information on how to apply will be released in due course.
Reactions to the DWP Announcement
The DWP's announcement has been met with a mixed response. Some women have welcomed the news, saying that it is a step in the right direction. However, others have expressed disappointment, arguing that the compensation scheme is not enough and that it does not fully address the injustice that they have faced.
Campaign groups who have been fighting for WASPI women are continuing to press the DWP for further action, including a review of the compensation scheme and a full investigation into the government's handling of the state pension age increase.
What Happens Next?
The DWP has confirmed that it will be releasing further information on the compensation scheme in the coming months. This information will include details on how to apply, the eligibility criteria, and the amount of compensation that will be available.
It is important to stay updated on this issue and to follow the DWP's website for further announcements.
Further Information
For more information on the WASPI compensation scheme, you can visit the following websites:
- Department for Work and Pensions:
- Women Against State Pension Inequality (WASPI):
- The Pensions Advisory Service:
This article provides a summary of the DWP's latest announcement and aims to provide an objective overview of the information available. It is important to conduct your own research and consult with a financial advisor for further guidance and assistance.
