Post by Deleted on Nov 22, 2016 5:18:38 GMT 7
As many as 30 million people will be forced to wait an extra year before receiving a state pension under new plans being considered by Government.
It has emerged that the squeeze could form part of a major state pension age review which could force people retiring after 2028 to work longer, and threatens to further shrink the retirements of all adults currently aged 22 to 54.
Daily Telegraph estimates show the plans could save the Treasury's coffers around £240 billion by shaving an extra 12 months, or around £8,000 off their state pension entitlement.
Experts said policymakers would be likely to give a green light to the move, which they argued would be a "politically painless" way to drastically cut spending as future pension cuts "feel a long way off".
The final results of the wider state pension review will be published next May and are expected to recommend younger generations should work beyond the age of 70.
www.telegraph.co.uk/news/2016/11/21/30-million-55s-will-have-work-extra-year-getting-state-pension/
It has emerged that the squeeze could form part of a major state pension age review which could force people retiring after 2028 to work longer, and threatens to further shrink the retirements of all adults currently aged 22 to 54.
Daily Telegraph estimates show the plans could save the Treasury's coffers around £240 billion by shaving an extra 12 months, or around £8,000 off their state pension entitlement.
Experts said policymakers would be likely to give a green light to the move, which they argued would be a "politically painless" way to drastically cut spending as future pension cuts "feel a long way off".
The final results of the wider state pension review will be published next May and are expected to recommend younger generations should work beyond the age of 70.
www.telegraph.co.uk/news/2016/11/21/30-million-55s-will-have-work-extra-year-getting-state-pension/
