State Pension Age – Coalition government issues Call for EvidenceWednesday, June 30th, 2010
Between 2010 and 2020, the State Pension age for women is already due to rise from 60 to 65, to match the State Pension age for men. From 2024, the State Pension age for both men and women will increase from 65 to 66 over a two-year period, with further increases to 67 over a two-year period starting in 2034, and to 68 over a two-year period starting in 2044.
Although these increases in State Pension age are already fixed in legislation (Schedule 4 of the Pensions Act 1995), the Coalition government announced in the June 2010 Budget that it intends to bring forward the date from which the State Pension age for both men and women will increase to 66 and will consult on how best to manage future increases to the State Pension age.
As a first step, a “Call for Evidence” was published in June 2010, asking for views on when and how the State Pension age should be increased to 66, in view of more recent changes to longevity forecasts. Some speculation currently circulating is that the State Pension age for men might by increased to 66 by 2015 and for women by 2020.
When should the state pension age increase to 66? A Call for Evidence