Labour minister Liz Kendall announces review of state pension age
Labor and Pension Secretary Liz Kendall announced a review of the State Pension Age.
The Senior Cabinet Minister comes in a big conversation that the cost of a triple lock guarantee on the state pension is £ 31 billion per year.
Introduced by the David Cameron government in 2010, the trilateral lock means that the state pension is either 2.5 percent or the highest inflation rate is higher to keep up with the cost of living.
The state’s retirement age for both men and women, who is currently approaching retirement, is 67, but in the early this year, it was the first country to rise to 70 for those who retire in Denmark 2040 and later.
The announcement came after Ms. Kendall, after a major rebellion of Emek Backbencher’s rebellion, mostly after the disability payments, 5 billion pounds per year on the welfare bill of the parliament came after.
Furthermore, a late change in April 1950 and April 1960 and a late change in 2015 was occupied on top of each other upon the promise of compensating for Waspi women who lost their retirement plans after increasing them from 60 to 65.
This morning, in the center of London, the retirement commission restarted the Mrs. Kendall, the system has warned an increasing threat of poverty unless there is a major reform.
“Simply put it, unless it takes action, the retirees of tomorrow will be poorer than today, because the savings do not save enough for their retirement
“And in a very important way, almost half of the population of the working age does not save anything for their retirement.” He said.
The Commission is expected to make suggestions on how to increase retirement income in 2027. He will not look at the triple lock or the state will not be part of the retirement age examination.
He also announced the next legal government review of the retirement age.
He said that it was “under illusion” about how difficult it will be to match plans for pensions for the next decades.
“He is more worried about putting food on the table and holding a roof on his heads, and he is more concerned about saving for a long, long distant retirement, and many businesses face great difficulties in remaining profitable and flexible in an uncertain world.”
