The Department for Work and Pensions could bring forward the date that the state pension age increases from age 66 to 68. An increase in the state pension age is set to be from 66 to 67 by 2028, and eventually 68, has already been planned. However, there have been suggestions the age increase could be brought forward.
The Pensions Act 2014 requires the Government to regularly review the state pension age. The review is expected to conclude on May 7, 2023.
Currently, the state pension age is 66 and two further increases are set out in legislation. There will be a gradual rise to 67 for those born on or after 1960, and a gradual rise to 68 between 2044 and 2046 for those born on or after April 1977, reports The Liverpool Echo.
