Former director of CBI: UK state pension age should hit 68 seven years earlier than planned
John Cridland’s report, which will frame government policy on the state pension, has said state pension age (SPA) increases should be accelerated and should rise from 67 to 68 between 2037 and 2039.
Last year the government commissioned Cridland, former director general of the Confederation of British Industry, to review the SPA, looking at the financial sustainability of the system, the issues that drive SPA rises and life expectancy.
Under current legislation, from December 2018, the SPA for men and women will increase to 66. It will then rise to 67 between 2026 and 2028 and to 68 between 2044 and 2046.
However in his long awaited report, which is expected but not guaranteed to be reflected in government policy, Cridland has recommended the SPA rises accelerate and reach 68 between 2037 and 2039 – this is seven years sooner than the government’s current plans.
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