As State Pension age hike looms do over-60s need get enough support before retirement? MPs to take evidence
Experts will give evidence to the Work and Pensions Committee on whether over-60s need more support before retirement ahead of the looming State Pension age increase this April.
Meeting details
Nearly a quarter (22%) of people 60-65 live in poverty and the increase in State Pension age could mean that they have to do so for longer. The last time it increased – to 66 – the number of 65-year-olds in poverty doubled as they faced an extra year’s wait before receiving their State Pensions. Pension-age benefits are more generous than out of work benefits for those unable to continue in paid work, often due to ill-health or disability, and for those whose careers involved manual labour.
MPs on the Committee are likely to ask witnesses on this disproportionate impact of pension age rises on people in their mid-60s, the causes of it and what can be done to smooth that transition. This comes after the Committee called on the Government to produce an impact assessment of the State Pension age increase and to list the mitigations it has considered.