A petition is calling for the UK Government to stop the State Pension age rising from 66 to 67 starting in April
The State Pension age is set to begin increasing from 66 to 67 in April, with the change due to be implemented for all men and women across the UK by 2028. The scheduled adjustment to the official retirement age has been enshrined in law since 2014, with a subsequent rise from 67 to 68 planned for the mid-2040s.
The Pensions Act 2014 brought forward the increase in the State Pension age from 66 to 67 by eight years. The UK Government also altered the manner in which the increase in State Pension age is phased.
This means that rather than reaching State Pension age on a particular date, individuals born between March 6, 1961 and April 5, 1977 will be eligible to claim the State Pension upon turning 67.
Nevertheless, a new online petition is urging the UK Government to “stop the State Pension age rising to 67”. It goes further by suggesting it should be reduced to 65.
Petition creator Lynne Calder says: “Let people have the choice whether to retire or keep working. Many people have been working since they were 16. We think a state pension retirement age of 65 for all is ample enough.”
At 10,000 signatures of support the petition would be entitled to a written response from the UK Government. At 100,000, the Petitions Committee would consider it for debate in Parliament, reports the Daily Record.
Under the Pensions Act 2007 the State Pension age for men and women will increase from 67 to 68 between 2044 and 2046. The Pensions Act 2014 mandates a regular review of the State Pension age, at least once every five years.
The review is centred on the principle that individuals should be able to spend a certain proportion of their adult life drawing a State Pension.
The UK Government recently launched a new Pension Commission to investigate how to boost pension saving with its findings due to be published in 2027. Areas for consideration will include auto-enrolment saving rates, boosting saving among groups such as the self-employed and a review of the State Pension age.
Dr Suzy Morrissey will report on factors the UK Government should consider relating to State Pension age and the Government Actuary’s Department will prepare a report on the proportion of adult life in retirement.
The review of the State Pension age will take into account life expectancy along with a range of other factors relevant to setting the State Pension age. Following the review’s completion, the UK Government may then choose to bring forward changes to the State Pension age.
However, any proposals would have to go through Parliament before becoming law.
