Delaying the state pension age rise

It has been announced today that the government is delaying the proposed rise in the state pension age for those women hit hardest by the measure.

Until this announcement, some women were faced with the prospect of having to wait two years longer than previously expected to receive their state pension.

This delay was prompted by state pension reforms that will mean the state pension age for women will reach age 65 by November 2018 before increasing to 66 in 2020.

This is in line with the state pension age for men and represents the first in a series of steps to increase the state pension age (for women and men) to age 68.

The state pension age will rise to age 66 for men and women by October 2020, rather than April 2020, as a result of the measures announced today.

As a results of the amendments tabled in the House of Commons today, the two year state pension delay for those women worst hit by the increase will be reduced to eighteen months.

Photo credit: Flickr/UK Parliament