SOCIAL SECURITY BENEFITS/STATE BENEFITS
Synopsis: Independent reviewer appointed for State Pension age review.
The 2014 Pensions Act requires the State Pension age to be reviewed during each Parliament. The review is to consider changes in life expectancy, wider changes in society and to help ensure that the State Pension remains sustainable for generations to come.
John Cridland CBE will report to the Secretary of State for Work and Pensions in time to allow government to consider the recommendations by May 2017. The review will be forward looking and focused on the longer term. It will not cover the existing State Pension age timetable to April 2028.
The independent review is responsible for gathering evidence on State Pension age and will consider a broad range of factors before making its recommendations. It will consider a wide range of evidence and analysis, including whether the current system of a universal State Pension age rising in line with life expectancy is optimal in the long run.
John Cridland was most recently Director General of the Confederation of British Industry (CBI). He is currently Chair of the Board of Transport for the North. He has previously helped to negotiate the UK’s first national minimum wage, spent 10 years on the Low Pay Commission and he was also a member of the Advisory, Conciliation and Arbitration Service (ACAS).
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