To all those "benefiting" from the tax saving a pension has to offer....

[Sysman]

You will find most private/company pensions raise their age as well after Gov does

What about all those folks working for the state who suddenly found they could retire at 55 rather than 65?

My father did that.

[Doggy Styles]

Speeding up the raising of the state pension age from 65 to 68 will be part of the UK government's first reforms.

I hope you live long enough to claim it.

I think of it as a small insurance policy in case I live that long.

Anyway, raising the age is a damn good idea. Reduces our pension timebomb a bit. And companies will have to raise their "compulsory" retirement age to match, keeping experienced people on the job and denting the so-called need for Bobs and other imported workers.

[Not So Wise]

Things like this (and fact I believe most pensions will go tits up before then) is why i don't bother with an official pension, because by time i get to that age range official retirement age will be probably 70 and no fecking way am i working to that age

Not that I blame the government/pension funds for raising the age either, 50 odd years ago in Europe it was something like 8 workers for every retiree, by 2050 it will be something like 1.3 workers for every retiree which is obviously unsustainable.

So really only two choices keep people working for longer or shoot them as soon as they hit retirement age

So will you be stopping your NI payments?

You will find most private/company pensions raise their age as well after Gov does

[crack_ho]

BBC News - Queen's Speech: State pension age to rise faster

Speeding up the raising of the state pension age from 65 to 68 will be part of the UK government's first reforms.

The plan will be in the Pensions and Savings Bill, which was outlined in the Queen's Speech.

I hope you live long enough to claim it.

So will you be stopping your NI payments?

[DimPrawn]

People are often unemployed for a very good reason, they are thick and useless, it's better to keep people who are able to work in the system and just keep the long termed unemployed away from it all.

They could be put to use in Afghanistan checking if the road side bomb is now safe or draw fire away from the frontline troops in firefights.

[minestrone]

People are often unemployed for a very good reason, they are thick and useless, it's better to keep people who are able to work in the system and just keep the long termed unemployed away from it all.

[mudskipper]

I don't get this retirement age thing. If there's lots of unemployment, how does keeping people working longer help? I can't imagine the state pension costs more than keeping a family on benefits.

[Scary]

you will need to wait until year 3000 for it to happen again

2038, hth.

[AtW]

I worked at a bank 10 years ago during the 2000 boom and they brought all their (mainframe) developers out of retirement to work again, all over 60...to get the jobs done.

You will need to wait until year 3000 for it to happen again

[BlasterBates]

....but it won't be when you're 68...


I worked at a bank 10 years ago during the 2000 boom and they brought all their (mainframe) developers out of retirement to work again, all over 60...to get the jobs done.

nope when you're 68 it will be perfectly normal.

[TimberWolf]

BBC News - Queen's Speech: State pension age to rise faster

Speeding up the raising of the state pension age from 65 to 68 will be part of the UK government's first reforms.

The plan will be in the Pensions and Savings Bill, which was outlined in the Queen's Speech.



I hope you live long enough to claim it.

You'll be lucky to find a job at 68. What age group and below will this affect? Or will it include today's 67 year old's (who may already have retired)?

[DimPrawn]

BBC News - Queen's Speech: State pension age to rise faster

Speeding up the raising of the state pension age from 65 to 68 will be part of the UK government's first reforms.

The plan will be in the Pensions and Savings Bill, which was outlined in the Queen's Speech.



I hope you live long enough to claim it.