WASPI activists have demanded compensation from the Government after hundreds of former workers missed out on thousands of pounds after changes to the retirement age introduced in 2011. But a Women Against State Pension Inequality (WASPI) activist was confronted by Jeremy Vine on 5 panellist Louise Cooper, who took issue with the fact younger workers would have to foot the bill to pay back the women for a long time due to longer life expectancy. Ms Cooper said: "The problem with the state pension is that it is a pay-as-you-go system.
"That doesn’t mean we pay into a pot and, in the end, I take out from the little pot.
"Everybody pays in and it’s the millennials – it’s the 20 and 30-year-old – that will be paying for our state pension. It’s how this works.
"So when those in their 40s and 50s complain, well, you paid into a system assuming your life expectancy was 10 years below what it is now. The thing we’ve seen it’s life expectancy as elongated."
The Jeremy Vine on 5 guest continued: "The announcements were made in 1995 so these women had notice. Clearly, the Government at the time probably didn’t publicise it enough and when they changed the rules again in 2011, it probably, again, wasn’t given enough notice.
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WASPI campaigners came under fire over their demands for compensation (Image: JEREMY VINE ON 5)
Louise Cooper pointed out millennials would have to foot the bill for WASPI women (Image: JEREMY VINE ON 5)
"The vast majority of the women affected are relatively wealthy, there is a small amount that are suffering penury – hundreds of thousands and I would think it makes a lot of sense to compensate a limited amount.
"But Diane Abbott and Theresa May do not need £20,000-£30,000 of compensation."
WASPI Essex campaigner Frances Neil insisted the group was not opposed to the equalisation of pension age between men and women but lamented the lack of notice from the Government