State pension age could be raised to 70, says report

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State pension age could be raised to 70, says report

Two separate reports for the government have raised the possibility that millions of people may have to work longer to qualify for a state pension.

The DWP Analysis & Suggestions

An analysis for the Department for Work and Pensions (DWP) has suggested that workers under the age of 30 may not get a pension until the age of 70. A second report, by John Cridland, proposes that those under the age of 45 may have to work a year longer, to 68.

6 Million to be effected

The government is due to make a decision on both reports by May. Ministers are under pressure to address the expected rise in the cost of pensions, which stems from longer life expectancy and the increasing ratio of pensioners to workers. But at least six million people face the prospect of having to work longer.