Millions of people might have to work longer as state pension age expected to rise
manchestereveningnews.co.ukMillions of people might have to work longer over concerns the state pension age could rise in less than 20 years. Work and Pensions Secretary Mel Stride said the state pension age could rise to 68 by '2040 or thereabouts', but said it is not a decision to be made by the current UK government.
He said there was 'no reason why you need to take the decision now' on any change following a pledge to inform voters 10 years ahead of time.
It comes after an independent review by former Confederation of British Industry director-general John Cridland, in 2017, recommended the state pension age should be raised to 68 in 2037 to 2039.
A follow-up study by Baroness Neville-Rolfe this year said the timetable should be pushed back to 2041 to 43. Read more: Join the FREE Manchester Evening News WhatsApp community Mr Stride, asked when was the earliest he could envisage it being changed from 67 to 68, said: “I think it is fair to say that the earliest would be Cridland’s suggestion of 2037, but that was predicated on different life expectancy data.
Read more on manchestereveningnews.co.uk