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Periodic review of rules about State Pension age: report by the Government Actuary
— presented to the House of Commons pursuant to section 27 of the Pensions Act 2014 | | Corporate Author | Government Actuary's Department |
| Publisher | Government Actuary's Department [on behalf the Department for Work and Pensions], London, 2017 |
| Pages | 57 pp (HC 989 session 2016/17) |
| Source | https://www.gov.uk/government/collections/state-pension-ag... Government Actuary's Department, Finlaison House, 15-17 Furnival Street, London, EC4A 1AB. |
| Keywords | Pensions ; Retirement age ; Life span ; Government publications. |
| Annotation | The Government Actuary has produced this report for the Department for Work and Pensions (DWP) as part of the State Pension Age Review. The report. aims to determine pension age rules that would be required for an average person to spend a specified proportion of adult life (aged 20+) as being eligible to receive the State Pension. It makes calculations for those born on or after 6 April 1961, and thus considers State Pension changes between 6 April 2028 and 5 April 2064. It makes mortality assumptions based on Office for National Statistics (ONS) 2014 principal population projections. It makes calculations for two scenarios for the State Pension Age (SPA): one third (33.3%) of adult life, and 32% of adult life. The report also includes sensitivity analyses that take into account, for example, high and low life expectancy variant projections, and upward and downward revisions of life expectancy forecasts (to reflect fluctuations in ONS life expectancy projections). Also considered are potential impacts on the old age dependency ratio (OADR, the proportion of people above SPA compared to the number of people of working age) of changing the SPA timetable. (RH) |
| Accession Number | CPA-170324001 B |
| Classmark | JJ: G5A: BG6: 6OA |
Data © Centre for Policy on Ageing |
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| ...from the Ageinfo database published by Centre for Policy on Ageing. |
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