The Department for Work and Pensions is calling for evidence as it prepares for a review of the state pension age, which could see a huge change to the current system
The Department for Work and Pensions (DWP) has issued a significant update regarding a radical change to the State Pension. The DWP has initiated a call for evidence as it considers raising the state pension age for older people.
According to the DWP: “The Pensions Act 2014 requires the government to review State Pension age at least every six years. Dr Suzy Morrissey has been appointed by the Department for Work and Pensions Secretary of State to prepare an independent report ahead of the third review of State Pension age.
“This independent report must explore the key factors government should consider in determining State Pension age for future decades.” This includes the potential benefits of linking State Pension age to life expectancy, the DWP added. It comes as the DWP confirms a new Winter Fuel Payment deadline with pensioners urged to act now.
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The DWP stated that this Call for Evidence is seeking views and evidence on these areas, as it launched the call out for viewpoints on Monday, August 18.
The DWP further stated: “Dr Suzy Morrissey is keen to hear views from a broad range of organisations, experts and individuals, including those who have an interest in the wider social and economic impacts of an ageing society.”
The terms of reference for the independent report for the third review of the State Pension age can be found on the DWP website, reports Birmingham Live.
The role of State Pension age in managing the long-term sustainability of the State Pension and the international experience of Automatic Adjustment Mechanisms for making decisions about State Pension age will also be examined.
You can also delve into the first and second State Pension age reviews for more information. Responses can be sent via email to Independent.StatePensionAgeReport@dwp.gov.uk or by post to the DWP. Letters should be addressed to: State Pension Age Review – Independent report 2nd Floor, Caxton House Tothill Street London SW1H 9NA.
How to check your State Pension age online
Your State Pension age is the earliest age at which you can begin receiving your State Pension. It might differ from the age at which you can receive a workplace or personal pension.
The online tool at GOV.UK allows anyone of any age to check their State Pension age, an essential step in planning for retirement. You can use the State Pension age tool to check:
- When you will reach State Pension age
- Your Pension Credit qualifying age
- When you will be eligible for free bus travel – this is at age 60 in Scotland
