Sentences with phrase «state pension age»

Those hit by these proposed state pension age changes are also those least able to cope with such a dramatic shift in their expectations at such short notice.

A borrower's state pension age depends on when they were born.

There is a case for increasing state pension ages in Europe, but it has not yet been convincingly made.

Given the UK's ageing population, the decision to bring forward the increase in state pension age should come as little surprise to many, indeed earlier this year the WEF (World Economic Forum) recommended a retirement age of 70 by 2050.

It is part of the #BackTo60 campaign, working to reverse the increased state pension age for women from 66 back to 60.

The new proposals apply to those who reach state pension age between April 6th 2008 and April 5th 2015 and who already have 20 qualifying years on their National Insurance record.

Classrooms are facing a mass exodus of senior teaching staff as the baby boomer generation nears retirement, coupled with societal pressure to leave the workforce at state pension age, according to new research from specialist recruiter Randstad Education.

Huge inequalities are prevalent within each generation, with poverty and ill health rife even among the so - called lucky generation of baby - boomers: 1.8 million people over state pension age are currently living below the poverty line and three quarters of NHS clients are aged 65 and over.

Furthermore, there are no clear reasons for harmonisation of state pension ages at the European level.

Last week we heard news that the government is increasing the UK state pension age from 67 to 68 seven years ahead of the original schedule, to now be implemented in 2037.

Existing pensioners and those who will reach state pension age before 6th April 2019 will not be affected by these measures.

On top of that, the retirement age, previously set at 60, is being brought into line with state pension age, meaning teachers will have to work at least until the age of 67 — more likely 70 for those starting out now.

Last week we heard news that the government is increasing the UK state pension age from 67 to 68 seven years ahead...

- 68 will be the highest state pension age in Europe.

Baroness Altmann, Tory former pensions minister, warned that «only about one in 10 pensioners continues working past state pension age and are not all well - off.

It will also reintroduce gender inequality in the UK pensions system by the back door, because female state pension age will not even reach 65 until 2020.

While making some limited concessions, this offer confirms contributions would rise from April, the retirement age would be linked to the rising state pension age meaning people would have to work up to eight years longer, and the imposed switch in indexation for pensions would remain - amounting to a cut in the value of pensions of around 15 % to 20 %.

He gave the example of so - called Waspi women — those born in the 1950s, whose state pension age has been changed.

«To right the wrongs of his predecessor, Stephen Crabb must reverse cuts to Universal Credit that will see two million working families an average of # 1,600 a year worse off, put right the injustice that millions of women approaching state pension age have suffered and he must scrap the illegal Bedroom Tax.

It is only for people who reach State Pension Age after 5 April 2016.

A LISA also gives you more options: with a pension you'll be able to take out your money 10 years below state pension age (so probably at age 59 or 60 for you), with a LISA you'll either be able to take it out at age 60, or to buy your first home.

Let us get one thing straight from the start: the EU Commission has no power over state pension ages, nor is there any likelihood that it will acquire such jurisdiction.

«The DWP may not like to hear it but its next wave of reforms will be a non-starter, unless the formula for increasing state pension age is firmly anchored on prior improvements to healthy life expectancy in poor communities,» Mr Harrop argued.

Default retirement age to be phased out and date set for rise in state pension age to 66.

«Not all teachers will want to leave the profession at state pension age, and there is certainly plenty of research to show that staying in the workforce keeps the older generation in better physical and mental health.

Whilst on the face of it, a costs argument does not appear completely irrational, increasing state pension age on its own does feel redolent of taking a blunt instrument to the wider problem of an aging population.

State Pensions A scheme is to be introduced to allow current pensioners, and those who reach State Pension age before the introduction of the new single tier pension in April 2016, an option to top up their Additional State Pension record through a new class of voluntary National Insurance contributions, to be known as Class 3A.

You need to enroll all employees who earn a minimum of # 9,440 annually, are aged between 22 and the state pension age and work in the UK.

The debate centres around the fact that some 2.6 million women had their state pension age delayed — in some cases twice, and by up to six years in total — without proper notice

It is simply impossible for the Tories to save # 13bn a year by raising the state pension age for men alone.

The state pension age could hit 66 by as soon as 2016, eight years earlier than under Labour plans.

«Raising the state pension age will hit the less well - off far more than the rich.

«While we welcome the decision to end the arbitrary retirement age, raising the state pension age over this short timescale is clearly driven by a desire to cut spending rather than a planned approach to introducing more flexible retirement,» he said.

Lord Turner's recommendations on an increased state pension age could not be specific, he said, because he did not know how demographics would change in the coming decades, but he suggested it rose after 2020 to somewhere between 67 and 69.

The government is pushing ahead plans to raise the state pension age by a year, with reports suggesting it could soon be increased to 70 and beyond.

He suggested widening health inequalities raised serious concerns for the Department for Work and Pensions (DWP), which plans on increasing the state pension age to 66.

The organisation remains opposed to an increase in the state pension age, but said that «the clear majority of the conclusions are undoubtedly progressive».

The state pension age will rise to 67 in 2028, that's a given; but the increase to 68 could come well before the 2048 date planned by the last government.

The acceleration of the increase in the state pension age will disproportionately hit those on lower incomes.

The DWP is expected to put out a white paper in the next month or so outlining a more automatic link between how long people live and what the state pension age is.

Our state pension age is rising to 68.

The head of the pensions commission said it would be «very difficult» for politicians to impose a rise in the state pension age on voters while retaining their own lucrative salary scheme.

The final report from the Turner commission last week proposed a gradual increase of the state pension age to 66 by 2030, 67 by 2040 and up to 68 by 2050.

The proposed changes to the TPS include a move from a final salary pension to a career average pension scheme, a phased increase to teachers» Normal Pension Age in line with changes to the State Pension Age and a rebalancing of employee and employer contributions.

The argument has gained particular relevance in the wake of the Turner commission report into pensions, which recommended that the state pension age rise to at least 68 by 2050.

Currently those aged over the state pension age do not pay national insurance contributions, even if they are working.