Thank you for contacting my office. I very much appreciate you getting in touch about the changes to the State Pension age.
The State Pension age has increased from 65 to 66 meaning that men and women born between 6 October 1954 and 5 April 1960 will start receiving their state pension on their 66th birthday. Current legislation sets out for the State Pension age to rise to age 67 between 2026-28 and to age 68 between 2044-46.
The Government is committed in legislation to undertake a review of the State Pension age every six years to consider a variety of factors including the latest life expectancy projections. The first Review of State Pension age was undertaken in 2017 and concluded that the next Review should consider whether the increase to age 68 should be brought forward to 2037-39 before tabling any changes to legislation. This latest Review must be published by 7 May 2023.
The independent report by John Cridland informed the 2017 review of State Pension age and proposed bringing forward the rise in State Pension age to 68 by seven years so that it takes place between 2037 and 2039. My colleagues in the Department for Work and Pensions noted these recommendations and said that a further review of State Pension age would be undertaken before considering this or any other changes to State Pension age, to enable the latest life expectancy projections to be considered.
I am informed, however, that future pensioners will on average still receive more State Pension over their lifetime than generations before them. I am also encouraged that the full basic State Pension is now worth over £2,050 a year more than in 2010 in cash terms.
Thank you once again for getting in touch, and if I can be of further assistance with any other matter, please do not hesitate to contact me.
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