State Pension Age Review: Work and Pensions Committee to hold one-off evidence session
With the Government due to publish its review of the State Pension age by May, MPs will examine issues relating to the process and the principles behind how the pension age is set.
This month the Committee wrote to the Government asking it to follow the precedent set during the last review in 2017 and publish the independent review from Baroness Neville Rolfe and the Government Actuary’s report ahead of the DWP’s decision. The 2017 review looked at the timetable for the increase from 67 to 68 and recommended that this should happen between 2037 and 2039. The Government accepted this but said it would conduct a further review before legislating to enable consideration of the latest life expectancy projections and the effect of increases already underway.
Meeting details
The Committee will first hear from John Cridland, who carried out the independent review in 2017, and Government Actuary Martin Clarke. They are expected to be asked about the review process in 2017as well as more general questions about the principles that should guide the timetable for raising the state pension age and the implication of changes to life expectancy projections.
The second panel of representatives from the voluntary sector, think tanks and trade unions is also likely to be asked about the guiding principles for the reviews, along with the impact of increases of the state pension age to date and the impact of any change on expenditure.