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More changes to pension ages

More changes to pension ages

The government is to slow down the proposed increase in the state pension age from 65 to 66. The government has listened to concerns about the effect that the current proposals would have on certain groups of women.

 

Currently, the state pension age for men is 65. On 6 April 2010, the state pension age for women started to increase gradually from 60 to 65, to match men.

 

New proposals to increase the age are currently going through parliament in the Pensions Bill. These proposals are not yet law and still require the approval of Parliament. It is these proposals that the government is amending to slow down the age increase.

 

If this amendment is agreed by Parliament the state pension age will not reach 66 until October 2020.

 

The government’s amendment does not change the timetable for increasing women’s state pension age from 63 to 65.
Health insurance news: 17 October 2011