Work and Pensions written question – answered at on 12 October 2011.
To ask the Secretary of State for Work and Pensions if he will estimate the changes which would be needed to the state pension age to maintain the average proportion of adult life spent in receipt of a state pension at the same proportion as in (a) 1980, (b) 2005 and (c) 2011.
The information requested is as is as follows:
(a) The average proportion of male adult life in retirement for people reaching state pension age in 1981 was 23.7%. Maintaining this proportion overtime would suggest the following state pension age timetable:
Age | Year |
66 | 1985 |
67 | 1992 |
68 | 1996 |
69 | 2000 |
70 | 2004 |
71 | 2011 |
72 | 2015 |
73 | 2027 |
74 | 2041 |
75 | 2055 |
(b) The average proportion of male adult life in retirement for people reaching state pension age in 2005 was 31.3%. Maintaining this proportion overtime would suggest the following state pension age timetable:
Age | Year |
66 | 2014 |
67 | 2027 |
68 | 2042 |
69 | 2057 |
(c) The average proportion of male adult life in retirement for people reaching state pension age in 2011 was 32.2%. Maintaining this proportion over time would suggest the following state pension age timetable:
Age | Year |
66 | 2022 |
67 | 2037 |
68 | 2053 |
Notes: 1. Estimates are based upon projections of UK male period life expectancy from the Office for National Statistics 2008-based projections. Life expectancy projections actually available in 1981 and 2005 are likely to differ and produce a lower proportion of adult life in retirement due to revisions made to the projections in subsequent years. 2. Estimates on a consistent basis are not available for 1980, 1981 has been used instead as the closest available year. Projections are available to 2058. 3. State pension age is increased when the proportion of male adult life in retirement for that age meets the proportion taken from the specific start year, people retiring between dates will have a higher proportion of adult life spent in retirement. 4. No assumptions are made about provision of sufficient notice for a future state pension age change, nor the necessary legislative timetable. 5. Adult life is defined as age 20 to state pension age, life in retirement is defined as mean life expectancy at state pension age. |
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