13.10.11

Rise in State Pension Age to 66 to be Delayed by Six Months

The Government today laid a number of amendments to the Pensions Bill 2011, including one that caps the maximum increase in women’s state pension age at 18 months.

Plans to raise the state pension age to 66 in 2020 will be delayed by six months – from April 2020 to October 2020.

This amendment will ameliorate the increase in state pension age for around 245,000 women and 240,000 men and reduce total savings from the increase to 66 by around £1.1 billion (in 2011/12 prices). 

It maintains the policy to equalise the state pension age for men and women in 2018 and increase to 66 by 2020.

Read TAEN’s press release.

 

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