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Saturday, Jan 16, 2021

Retirement age in UK raised to 66

Retirement age in UK raised to 66

Britain's official retirement age has risen to 66, affecting all those born after Oct. 6, 1954, local media reported. Hundreds of thousands of people will face the longer wait this year alone, as there are nearly 700,000 people aged 65 in Britain. The state pension age will rise to 67 by 2028 and 68 by 2037, said the English newspaper The Telegraph.
Age UK, a British charity for older people, said people close to retirement age who have caring responsibilities or are likely to fall into long-term unemployment should be granted early access to state pensions.

"The pandemic has caused havoc in the labor market, and in the current climate many workers approaching the state pension age may find it very difficult to get another job. In reality, some may never work again, and it is important that the government takes firm action to help," Caroline Abrahams, CEO of Age UK, told the newspaper.

The official delay of retirement age came at a time when countries, such as Britain, China, Russia and the United States, are racing against time to develop coronavirus vaccines.

As recently as 2010, men in Britain traditionally retired at 65 while women received their state pension at 60, although men and women have had the same state pension age since 2018. Enditem

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