Birmingham news Thousands of women set for £45,000 payout they weren't expecting MetiNews.Com
MetiNews.Com - It is all because of a state pensions problem which is expected to set the Government back £3 billion
Breaking News ! Thousands of women are set for a bit payout because of a state pensions problem. It means more than 5,000 who were receiving just over £1 a week could be owed sums which have been compared to a "small lottery win". It is all because of a state pensions problem which is expected to set the Government back £3 billion. Wives, widows and divorcees who were underpaid are set to receive letters - and the average payout is said to be £45,000. It is because they were paid a 'graduated retirement benefit' (GRB), averaging £1.24 a week, rather than their full pension. Former pensions minister Sir Steve Webb said 5,159 of the women could be owed the money.
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He said: 'It is incredible there are thousands of women getting such tiny pensions, but even more incredible that many could potentially be entitled to tens of thousands in back-payments. 'It is as if they are sitting on unclaimed winning lottery tickets. 'It is very important that women on these very small pensions make contact with the DWP as soon as possible to see if they could be entitled to a windfall.' The 5,000 are able to claim back the money they missed out on because the DWP considers they have simply deferred their claim to the married woman's state pension they were entitled to when their husband turned 65.
In March, documents revealed in the Budget showed thousands of other women who were underpaid the state pension were in line for top-ups, with the overall bill put at £3billion. A DWP spokesman said: "Anyone impacted will be contacted by us to ensure they receive all they are owed."
Source = MetiNews.Com