Thank you for contacting me about the State Pension Age (SPA).
The speculation that the Government intends to raise the SPA to 75 followed a report published by the think-tank the Centre for Social Justice and was erroneous. Claims that the Government is ‘in talks’ regarding these plans, as reported in the Daily Mirror and elsewhere, are untrue.
I understand the anxiety caused by these reports; it is a shame that the suggestion of a think-tank was misrepresented as the policy of the Government.
Having checked with colleagues, I can offer my full assurance that this is not the Government’s policy. There are no plans to increase the retirement age following the planned rise in the pension age to 68 between 2037 and 2039.
This decision to raise the pension age between 2037 and 2039 was based on the recommendations of the independent Cridland Review which considered the implications of increased life expectancy. Under this new arrangement pensioners will still spend 22 years in retirement, and will on average receive more state pension over their lifetime than those under previous arrangements.
A range of steps have been taken to support older people and protect the State Pension. The triple lock means the basic State Pension rises by inflation, earnings, or 2.5 per cent, whichever is highest. The basic State Pension is now over £1,600 a year higher than a decade ago. The triple lock will remain in place for the duration of this Parliament.
Thank you again for taking the time to contact me.
Craig Whittaker MP