State pension age increase 'set to be delayed until 2044'
Plans to increase the state pension age to 68 have been delayed, according to reports.
Work and Pensions Secretary Mel Stride is expected to address MPs in the Commons later today.
Mr Stride is expected to update them on the latest statutory review on the pension age.
According to some reports, Mr Stride will confirm that the Government will move to delay an increase to the pension age, amid falling life expectancy rates.
The state pension age is due to rise to 68 from 2044 but reports earlier this year suggested ministers wanted to bring that forward – potentially as early as 2035.
In recent weeks other reports have said the plan to bring forward the rise could be pushed back until after the next general election, due to concerns about a backlash from middle-aged voters.
The State Pension age is currently 66 for anyone born before 1960.
For those born on or after April 1960, the State Pension age is 67 and, for those born on or after April 1977, the state pension age is 68.
A DWP spokesperson said: ‘The Government is required by law to regularly review the State Pension age and the next review will be published by May 7.’
Get in touch with our news team by emailing us at [email protected].
For more stories like this, check our news page.
Source: Read Full Article