Money

Women report pension shortfalls to deputy

BBC News1d ago

A politician is exploring claims from women who say they are receiving a smaller pension than they had expected.

Deputy Lee Van Katwyk said the way women's pensions were calculated had been changed in 2003 and they had stopped being based on a husband's contribution record.

He said many of those speaking to him had been in their 40s when the changes were made and had only discovered a shortfall when they had reached the pension age.

"To look at your pension and suddenly realise 'hang on a minute, I'm not getting what I thought I should be getting', that's just terrifying," Van Katwyk said.

He said he had been contacted by dozens of women who "feel like they've been short-changed" and he thought the changes to the pension system had not been "fully explained or "explained enough" at the time.

Van Katwyk said: "I want to be able to speak to everybody as much as possible, one-to-one on the telephone, [to hear] what they were told in the past and get that information from the public before moving on to speaking with officers.

"Right now, I'm not asking the States to do anything, this is very much a conversation with myself and the public."

The BBC has approached the States of Guernsey for comment.

Follow BBC Guernsey on X , external and Facebook , external and Instagram , external . Send your story ideas to channel.islands@bbc.co.uk , external .

Secondary pension minimum contribution increasing

States pension remains key funding for retirement

Source: BBC News. Summary reproduced for informational purposes.

Related

Free newsletter

Never miss a headline

The biggest stories in business and finance, delivered to your inbox. Join thousands of readers — unsubscribe any time.