Published On: Fri, Aug 23rd, 2019

State pension age changes: WASPI urges government NOT to accept age rise to 75 proposal | Personal Finance | Finance

It also proposed further increasing the state pension age to 75 by 2035.

A spokesperson for the DWP told “Everyone’s State Pension age is unique to them and in 2017 we raised the future retirement age to 68 so that it is sustainable now and for future generations.

“We’re creating opportunities for people of all generations with record employment.”

Andy Cook, CSJ chief executive, said: “Working longer has the potential to improve health and wellbeing [and] increase retirement savings…

“Right now, we are not doing enough to help older people stay in work, and the state pension age doesn’t even closely reflect healthy working life expectancy…

“By increasing the state pension age, we can help people stay in gainful and life-enhancing employment while also making a sound long-term financial decision.”

Following the recent changes to the state pension age for women – which previously stood at 60 but gradually increased to reach 65 in November 2018 – contacted the campaign group Women Against State Pension Inequality.

A spokesperson for the WASPI campaign told “WASPI (Women Against State Pension Inequality) are disappointed to hear the proposals set out in the Centre for Social Justice’s report calling the rise in the State Pension age (SPa) to be accelerated to 70 by 2028 and 75 by 2035.

“There are 3.8 million WASPI women who have already experienced the devastating effects of increases to their SPa from changes as result of the 1995 and 2011 State Pension Acts.

“They received little or no notice of the changes and had no time to prepare which shattered their retirement plans.

“In 2017 the independent Cridland Report recommended that 10 years notice should be given for forthcoming rises, and that it should not increase more than one year in any ten year period.

“We hope that the Government has learned its lesson from the shocking impact of previous changes on WASPI women’s lives, and does not accept this proposal”.

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