The State Pension age is rising. This note looks at the legislation introduced to increase it and the approach taken by the different political partiesJump to full report >>
From the 1940s until April 2010, the State Pension age (SPA) was 60 for women and 65 for men. Legislation to increase the SPA was introduced in three stages:
In future, there will be periodic reviews of the SPA, based around the principle that people should maintain a specific proportion of adult life receiving the state pension. The reviews will be informed by a report from an independently-led body on wider factors such as variations in life expectancy and will seek to provide a minimum of ten years’ notice to people affected (Cm 8528, Chapter 6). The first such review must take place by May 2017 Pensions Act 2014 (s27).
In its July 2014 Fiscal sustainability report, the Office for Budget Responsibility said that the latest projections of life expectancy implied an increase to 68 in the mid-2030s, to be followed by further increases to 69 in the late-2040s and to 70 in the early-2060s (para 3.8).
See also, Library Standard Note SN 2234 State Pension age - background (May 2012).
Commons Briefing papers SN06546
Author: Djuna Thurley
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