Millions face pension misery: Workers will have to wait even LONGER to get State cash

Millions face pension misery: Workers will have to wait even LONGER to get State cash
 

Millions of people now in work will have to wait years longer before they can claim a pension. The funding crisis could see some people forced to hold down jobs into their seventies.
Retirement income costs are set to rocket by billions of pounds more than the country can afford, the new independent pension reviewer warned yesterday.
The State pension age is due to rise to 67 between 2026 and 2028, then rise again to 68 between 2044 and 2046. But with the State pension bill now set to soar by 39 per cent to £152billion a year by 2028, it is “inevitable” that the age increases will have to... read more

 
14 October 2016 in Business, Views: 56
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