Almost 37 million people will be affected once the UK increases its state pension age, according to data from the House of Commons Library and an analysis from Labour.
Of the 36.9 million pensioners, 56,547 are from Prime Minister Theresa May’s Maidenhead constituency, while 59,290 reside in Work and Pension secretary David Gauke’s South West Hertfordshire constituency, according to the Labour analysis.
The data from the House of Commons Library found that another 61,753 under the age of 47 are in Chancellor Phillip Hammond’s constituency of Runnymede and Weybridge.
The current plans will level the state pension age for men and women to 65 at the end of 2018. They will then rise to 66 in 2020, 67 in 2028, and will then cap off at age 68 sometime between 2037 and 2039. This will force those born between 1970 and 1978 to wait an extra year before they can receive their retirement benefits.
“Thanks to the Tories increasing the state pension age, 36.9m people will be forced to work longer, at the same time that evidence indicates life expectancy has stalled in some places and is reducing in others,” Labour’s shadow work and pensions secretary, Debbie Abrahams, said in an interview with the Independent. “Theresa May should answer her 56,547 constituents, and the 36.9m people across Britain, whose hard-earned retirements are being postponed because of her Government.”
Tags: House of Commons Library, Labour, Pension, UK Pension