on May 25th, 2006British Pension Age Rises to 68
If you live in the UK and are close to retirement age, then raise your hand. Now keep it raised for a few more years because your pension handout from the government has just been delayed . The rising life expectancy of coming generations has forced governments around the world to rewrite their pension rules. The UK’s proposals go into effect in the year 2024.
The state pension age is to rise to 68 from 2044, as part of government proposals to strengthen pension provision in the UK. The link between the state pension and earnings will also be restored within the next Parliament, Pensions Secretary John Hutton said. A new savings scheme will be set up with automatic enrolment for staff and compulsory employers’ contributions.
State pension age to rise to 68
BBC News, May 25, 2006