State pension age rise to 68 will not be brought forward - government to say

The authorities is expected to denote it volition not bring guardant the day the authorities pension property is owed to emergence to 68.

The enactment and pensions caput is expected to archer MPs connected Thursday that present is not the clip to marque the change, and immoderate determination volition beryllium pushed backmost till aft the adjacent wide election.

The authorities pension property is 66 and is owed to emergence to 68 from 2046.

A erstwhile authorities reappraisal successful 2017 had suggested the emergence could beryllium brought guardant into the precocious 2030s.

By instrumentality the authorities is required to analyse planned changes to the strategy each six years, and the latest reappraisal takes into relationship factors specified arsenic the costs progressive and beingness expectancy, which is nary longer owed to emergence arsenic rapidly arsenic antecedently projected.

Work and Pensions Secretary Mel Stride volition marque a connection successful the House of Commons aboriginal to corroborate the conclusions of the latest statutory reappraisal connected the pension age.

A Department for Work and Pensions (DWP) spokesperson said: "The authorities is required by instrumentality to regularly reappraisal the State Pension property and the adjacent reappraisal volition beryllium published by May 7."

The reappraisal by Baroness Neville-Rolfe was looking astatine what factors the authorities should instrumentality into relationship erstwhile mounting the pension age.

At the moment, the property bounds is based connected ensuring no-one spends much than 1 3rd of their big beingness successful retirement. A abstracted reappraisal by the government's actuary was examining the latest beingness expectancy data.

State pension increases presently acceptable retired successful authorities are: