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DWP launches call for evidence on state pension age review
The review aims to address rising pension costs, which could reach nearly 8% of GDP in 50 years, by potentially increasing the state pension age from 67 to 70.
- The UK government is preparing a review of the state pension age, with a report due in 2027 and a decision by 2029.
- This review responds to rising pension costs, increasing life expectancy, and legal obligations for periodic assessment under the Pensions Act 2014.
- Current pension age is 66, set to rise to 67 by 2028, while experts and advisers expect a further increase, possibly to 70 years old.
- The Office for Budget Responsibility warns pension costs will exceed prior estimates by £10 billion annually, while unions oppose longer working years citing health risks in demanding jobs.
- If the pension age rises, national protests and direct action by unions may occur, reflecting concerns about retirees’ welfare and system sustainability.
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41 Articles
Yorkshire Evening Post+18 Reposted by 18 other sources
Government State Pension age review: rising UK State Pension age may push retirement to 70
A new government review could reshape when you can claim your pension 🕰️
·Leeds, United Kingdom
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Coverage Details
Total News Sources41
Leaning Left2Leaning Right3Center18Last UpdatedBias Distribution78% Center
Bias Distribution
- 78% of the sources are Center
78% Center
C 78%
13%
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