There’s one last opportunity coming up for MPs to introduce changes to state pension age in a fairer way. The Pensions Bill currently before Parliament brings forward increases to state pension age. It would equalise men’s and women’s state pension age at 65 in November 2018, and then raise it to 66 by April 2020 – six years early than planned. This would result in nearly 5 million people having to wait longer than expected to draw their state pension. Among these are 330,000 women who will have to wait 18 to 24 months longer. At Age UK we believe these changes are happening too quickly without giving people time to rework their retirement plans.
We are currently awaiting a date for Report Stage and Third Reading in the House of Commons – the final opportunity for MPs to make changes. This could be in the week starting the 12 September.
We are encouraged that Secretary of State for Work and Pensions Duncan Smith, has said he wants to implement changes fairly and get the transition right. We are urging the Government to reconsider the position and at the very least introduce measures to protect those who would be most affected. For more information and details about how to get involved see http://www.ageuk.org.uk/get-involved/campaign/state-pension-age-campaign/