NOT RM Related - State Pension Online Petition

[Budfrog]

https://you.38degrees.org.uk/petitions/ ... -2016-2012

Dear Secretary of State for Work and Pensions,
In your Coalition document "The Coalition: Our Programme for Government": the Coalition Government stated:-

"We will phase out the default retirement age and hold a review to set the date at which the state pension age starts to rise to 66, although it will not be sooner than 2016 for men and 2020 for women. We will end the rules requiring compulsory annuitisation at 75".

However, the Coalition Government have broken this promise by accelerating the rise in the State Pension Age. Therefore, please ensure that Mr. Cameron & Mr.Clegg honour their word and reverse the State Pension Law.

[heapsy]

You've got no chance with that one. They are all singing from the same hymn sheet. People need to make as much effort with retirement plans as they can afford, or face working until they drop. Simples.

[RobertT]

The increase from 60 to 65 for women was first mooted in the pension act of 1995 so some people will obviously be affected by the now earlier increase to 66. But surely those people have had 20 years to get used to the idea of waiting longer to receive their state pension and have had 20 years to build up a buffer of money for that eventuality?

I think the real problem here isn’t so much the increase in state pension age because that was always going to happen due to better healthcare and an aging population, etc. The problem really is a lack of information and of people not taking their retirement seriously until later on in life when it may well be too late.