The Department for Work and Pensions (DWP) has confirmed that the outcome of the review of the State Pension age will be published by May 2023
The Department for Work and Pensions has confirmed that the outcome of the review of the State Pension age will be published by May 2023. The review will consider a wide range of evidence, including findings from two independent reports, to assess whether the rules about State Pension age remain “appropriate”.
The DWP has previously explained the reason for the review is because "when the State Pension was introduced in 1948, a 65-year-old could expect to spend 13.5 years receiving the benefit, around 23 per cent of their adult life". The second review will consider whether the rules around pensionable age are appropriate, based on the latest life expectancy data and other evidence.The first review of State Pension age was undertaken in 2017 and concluded that the next review should consider whether the increase to age 68 should be brought forward to 2037-39 before tabling any changes to legislation.
“The [UK] Government has committed to implementing the Triple Lock in the usual way for 2023/24 and the remainder of the Parliament.”
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
DWP update for State Pension claimants due £600 this winterThe additional cost of living payment will see 8 million pensioner households receive up to £600 this winter, with £300 extra cash due on top of their Winter Fuel Payment.
Read more »
DWP PIP claimants to receive letter this month over award reviewThe details were confirmed by a DWP spokesperson
Read more »
Universal Credit warning as DWP told families could lose up to £1,000 a yearThe government is due to make an announcement on benefit upratings at the end of the month
Read more »
DWP warning to 1m claimants who could miss out on £650 paymentHouseholds throughout the UK are not claiming the benefits - despite being eligible for it
Read more »
DWP claimants could face changes over 'failings' of benefit systemThe move is described as being necessary to 'stop further harm'.
Read more »
Kevin McKenna: A look inside the best and worst of the SNP Party conferenceTO a fringe meeting at the SNP conference in Aberdeen organised by STV Studios. It’s being chaired by the ever-loquacious Angus Robertson whose…
Read more »