Government Delays Plan To Raise UK Retirement Age To 68 As Life Expectancy Falls
23 Mar 2023
The government have reportedly delayed plans to raise the state pension age amid falling life expectancy in the UK.
According to the Financial Times, ministers have opted to delay the decision until after the next general election in 2024 to avoid backlash from middle-aged voters.
Originally due to increase to 68 after 2044 the government wanted to move it forward to 2037-39.
The pension age which is currently 66 however is still due to rise to 67 by the end of 2028.
A spokesperson at the Department for Work and Pensions said: “The government is required by law to regularly review the state pension age and the next review will be published by 7 May.”