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Following the death of Robert Maxwell, it became clear that he had embezzled a large amount of money from the pension fund of Mirror Group Newspapers. As a result of this, a review was established to look into ways that the running of pension schemes could be improved. The end result was the Pensions Act 1995.
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. [3] This transition was later sped up by the 2011 Pensions Act. [4]
As a result of bringing forward the increase to 66, the timetable contained in the Pension Act 1995 for equalising women's and men's state pension ages at 65 by April 2020 was accelerated, so that the women's state pension age reached 65 in November 2018.
Pension Law Reform (1993) Cm 2342, also known as the Goode Report after its leading author, Roy Goode, was a UK government commissioned inquiry into the state of pensions in the United Kingdom, which ultimately led to a set of statutory reforms in the Pensions Act 1995.
The Government Pension Offset affects spouses, widows and widowers who receive government pensions and in some cases reduces their Social Security benefits, according to the SSA.
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Pensions Act may refer to Pensions Act 1995, an Act of the Parliament of the United Kingdom; Pensions Act 2004, an Act of the Parliament of the United Kingdom;
An Act to alter the limits under sections 9A and 10 of the Commonwealth Development Corporation Act 1978; [b] to make provision in relation to interest on advances to the Commonwealth Development Corporation; and to make provision in relation to the remuneration, pensions and compensation of members of the Corporation.