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Pension age of 66 within five years
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Author:  Amnesia10 [ Thu Aug 05, 2010 7:29 am ]
Post subject:  Pension age of 66 within five years

http://www.telegraph.co.uk/news/newstop ... years.html

Quote:
The pension age could be raised to 66 within five years, far sooner than expected as life expectancy increases rapidly.

I expect that it will go on climbing.

Author:  l3v1ck [ Thu Aug 05, 2010 10:01 am ]
Post subject:  Re: Pension age of 66 within five years

Indeed. I'm betting it will be 70 by the time I retire.

Author:  Amnesia10 [ Thu Aug 05, 2010 10:14 am ]
Post subject:  Re: Pension age of 66 within five years

l3v1ck wrote:
Indeed. I'm betting it will be 70 by the time I retire.

I expect it to climb higher than that. 72 or 75 could be the standard by the middle of the century.

Author:  paulzolo [ Thu Aug 05, 2010 10:50 am ]
Post subject:  Re: Pension age of 66 within five years

But I’m not going to be 66 in five years.

Author:  Fogmeister [ Thu Aug 05, 2010 12:36 pm ]
Post subject:  Re: Pension age of 66 within five years

paulzolo wrote:
But I’m not going to be 66 in five years.

That was the first thing that came into my head.

:lol:

Author:  veato [ Thu Aug 05, 2010 1:48 pm ]
Post subject:  Re: Pension age of 66 within five years

It doesnt affect me. I work for a local authority. That means I can retire when I'm 10 with eleventy million as a lump sum. Its my gold plated pension you see.

Or so some would have you believe.

I'll be working until I'm 70 too. Sucks ass doesnt it!

Author:  Amnesia10 [ Thu Aug 05, 2010 3:30 pm ]
Post subject:  Re: Pension age of 66 within five years

veato wrote:
It doesnt affect me. I work for a local authority. That means I can retire when I'm 10 with eleventy million as a lump sum. Its my gold plated pension you see.

Or so some would have you believe.

I'll be working until I'm 70 too. Sucks ass doesnt it!

I would like to see an end to final salary schemes to be replaced by average salary schemes. Final salary schemes only really benefit those that have large increases in pay in their final years. This might be consultants at a hospital but it means that they fail to make the appropriate contributions for much of their career so the pension fund subsidises them at the expense of the majority. That disappears with an average salary scheme so most peoples pension actually goes up under an average scheme, admittedly not by much.

Author:  davrosG5 [ Thu Aug 05, 2010 5:23 pm ]
Post subject:  Re: Pension age of 66 within five years

The state pension age should be 70 already, if not more.
People were only ever meant to draw a state pension for a couple of years before they popped their cloggs so people living 20+ years on a state pension has completely borked it for everyone who isn't a baby boomer or older. :evil: Spineless Politicians :evil:

Author:  Amnesia10 [ Thu Aug 05, 2010 5:34 pm ]
Post subject:  Re: Pension age of 66 within five years

davrosG5 wrote:
The state pension age should be 70 already, if not more.
People were only ever meant to draw a state pension for a couple of years before they popped their cloggs so people living 20+ years on a state pension has completely borked it for everyone who isn't a baby boomer or older. :evil: Spineless Politicians :evil:

Agreed they should be linked to life expectancy.

Author:  mikepgood [ Fri Aug 06, 2010 11:23 am ]
Post subject:  Re: Pension age of 66 within five years

I thought it had already been announced, pension age rises by a year for every two that passes till it hits 70

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