Reversing womens’ pension age would cost £181bn

Reversing womens’ pension age would cost £181bn

FT Adviser reports “reversing the hike in womens’ state pension age back to 60 would cost the public purse more than £180bn, according to the government.  The retirement age for women increased from 60 to 65 to be aligned with men's last year and will rise to 66 by 2020.  In 2016, the department for Work and Pensions (DWP) estimated that undoing state pension age increases for women would cost £77bn.”

“However, an update to its previous analysis has found that this figure has increased 136 per cent to hit £181.4bn, over the period 2010/11 to 2025/26.  Coupled with the costs of reversing changes to mens' state pension age this figure increases to £215bn.”  Read more 


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