UK. State pension age changes ‘risk creating new inequalities’
Making people work longer before they can collect their state pensions risks exacerbating social inequalities and threatens to create new gender inequalities, a report claims.
Analysis by the thinktank International Longevity Centre UK (ILC) found that women who struggled to reconcile longer working lives with caring responsibilities would be badly hit by changes to the law.
Worst hit, however, would be women with lower education levels, who were projected to lose up to 25% of their monthly pension entitlements as a result of the law.
The health and care sector is particularly under-prepared for the challenges of an ageing workforce, the report states.
Dr Brian Beach, a senior research fellow at the ILC, said: “We concluded that state pension age reforms have only limited impact on extending working lives. However, they have significant potential to exacerbate social inequalities.”
Read more @The Guardian
