There’s an episode of the TV political drama The West Wing which focuses on the raising of the retirement age. After much to-ing and fro-ing it’s decided that the subject is too toxic to tackle and so it is dropped from the President’s agenda.
If only art mirrored life. A new report suggests that the UK state pension age should rise to 68 by 2039 instead of the previously planned 2046. John Cridland, former director-general of the Confederation of British Industry and the author of the government-commissioned study, also rules out ‘early access’ to the state pension.
The state pension age is already due to rise to 67 for both men and women by 2028. The new proposals mean that millions of people in their late 30s and early 40s look set to work even longer than originally anticipated – and there’s a likelihood that those in their 30s and younger may not receive the state pension until they turn 70.
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