Pensions

Department for Work and Pensions written question – answered on 12th August 2019.

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Photo of Kevin Brennan Kevin Brennan Shadow Minister (Digital, Culture, Media and Sport) (Arts and Heritage)

To ask the Secretary of State for Work and Pensions, what steps she plans to take to limit a person's pension age rise when age eligibility for the state pension is increased.

Photo of Guy Opperman Guy Opperman The Parliamentary Under-Secretary of State for Work and Pensions

The Government published its review of State Pension age in July 2017. The report can be viewed here: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/630065/state-pension-age-review-final-report.pdf.

The next Government review of State Pension age will be completed within six years of that report.

The Pensions Act 2014 requires the Government to regularly review State Pension age and report to Parliament, to help to ensure the rules about State Pension age are appropriate having regard to life expectancy and the costs of increasing longevity are shared fairly between the generations, and provide greater clarity around the plans for changing State Pension age in the future.

The changes to State Pension age became law following consultation and extensive debates in Parliament. During the passage of the Pensions Act 2011, Parliament introduced limits to person’s State Pension age rise, worth £1.1 billion, which reduced the proposed increase in State Pension age for over 450,000 men and women, meaning that no woman will see her pension age change by more than 18 months, relative to the original 1995 Act timetable.

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