Looks at the timetable for increasing the State Pension age and the review set up to look at how it should increase in the longer termJump to full report >>
From the 1940s until April 2010, the State Pension age (SPA) was 60 for women and 65 for men. Legislation to increase the SPA was introduced in three stages:
To ensure further revisions in life expectancy were taken into account in a timely and transparent way, the Coalition Government for periodic reviews of the SPA, based around the principle that people should maintain a specific proportion of adult life receiving the state pension. The reviews would be informed by a report from an independently-led body on wider factors such as variations in life expectancy and would seek to provide a minimum of ten years’ notice to people affected. The first such review must be published by 7 May 2017 (Cm 8528, Chapter 6; Pensions Act 2014 s27 ).
On 1 March 2016, the Government announced John Cridland as the independent lead for the first review of the SPA (HCWS 563, 1 March 2016, c39WS).
To mitigate the impact of a higher SPA on disadvantaged groups, it recommended that:
At the same time, the Government Actuary’s Department published a report looking at two alternative scenarios - reflecting receipt of the State Pension for either 32% or 33.3% of projected adult life in retirement.
The Government will consider both reports before presenting its review of the SPA to Parliament by 7 May (HCWS552, 24 March 2017).
The background is discussed in more detail in Library Standard Note SN 2234 State Pension age - background (May 2012). The debate around the increases in the State Pension age for women born in the 1950s is discussed in SN-07405 (February 2017) and the triple lock in CBP 7812 (February 2017).
Commons Briefing papers SN06546
Author: Djuna Thurley