Published On: Sun, Aug 18th, 2019

State pension warning: Government REFUSE to rule out increasing retirement age to 75 | UK | News


A new report by the Centre for Social Justice (CSJ), fronted by former Tory leader Iain Duncan-Smith, has proposed accelerating plans to increase the state pension age in order to boost the UK economy. The influential think-tank has hit out at the financial burden of the ageing population on public funds, and insists thousands of people aged 50 to 64-years-old are deemed “economically inactive”. The Government has already outlined plans to increase the state pension age to 67 by 2028, and to 68 by 2039.

However the report recommends a major overhaul – with the pension age raised in less than 10 years to 70-years-old by 2028 and then again to 75-years-old by 2035.

The Department for Work and Pensions today did not rule out implementing the changes and stated every workers’ state pension age is “unique to them” and the Government is working towards “creating opportunities for people of all generations”.

The CSJ said the plans are required to “reduce involuntary worklessness” and will help the older generation “access the benefits of work”.

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It adds the proposals will provide increased access to flexible working and training opportunities.

In its report called Ageing Confidently, the think-tank said: “Removing barriers for older people to remain in work has the potential to contribute greatly to the health of individuals and the affordability of public services.

“Therefore, this paper argues for significant improvements in the support for older workers.

“This includes improved healthcare support, increased access to flexible working, better opportunities for training, an employer-led mid-life MOT and the implementation of an ‘Age Confident’ scheme.”

The leading think-tank insists the plans do not compromise the widespread belief the older generation deserve to be looked after and enjoy their retirement.

It added: “As we prepare for the future, we must prioritise increasing the opportunity to work for this demographic to reduce involuntary worklessness. For the vulnerable and marginalised, a job offers the first step away from state dependence, social marginalisation and personal destitution.

“In addition, provided that this support is in place, we propose an increase in the state pension age to 75 by 2035.

“While this might seem contrary to a long-standing compassionate attitude to an older generation that have paid their way in the world and deserve to be looked after, we do not believe it should be.

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“Working longer has the potential to improve health and wellbeing, increase retirement savings and ensure the full functioning of public services for all.”

CSJ chief executive Andy Cook said the current retirement age does not “closely reflect healthy working life expectancy”.

He added: “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.”

However former pensions minister Ros Altmann has called the proposals “shocking”.

The Tory MP wrote on Twitter: “Reports of state pension age rising to 75 are shocking.

“Major changes in pension attitudes required due to big life expectancy differentials. Using age as a strict cut off is not good policy.”

Meanwhile Jan Shortt, General Secretary of National Pensioners Convention, warned increasing the state pension age could increase the chances of death.

Mr Shortt said: “The longer you work the more ill you become and the less likely you are to even reach retirement age.”

A spokesman for the DWP told Express.co.uk: “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.”



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