Description
Women Against State Pension Inequality (WASPI) is a voluntary UK-based organisation founded in 2015 that campaigns against the way in which the state pension age for men and women was equalised. They call for the millions of women affected by the change to receive compensation.
History
The 1995 Pensions Act increased the state pension age for women from 60 to 65 in order to equalise the age with men, with the change to be phased in over ten years from 2010 for women born between 1950 and 1955. This transition was later sped up by the 2011 Pensions Act. Both the 1995 and 2011 changes came as a shock to many, with women discovering that they would have to wait up to six years longer for their state pension, potentially affecting their retirement plans. In 2015, WASPI was formed by five women to argue for the government to provide transitional payments to women born in the 1950s receiving their pension after the age of 60. They also call for compensation to women who now receive a state pension but had to wait longer.
Three of the original founders stepped down as leaders after a split in August 2016.[6] A further three directors resigned in February 2018 following an emergency board meeting held the previous month where irreconcilable differences led to the resignations.
