Changes to State Pension Age and Impact in EmploymentPosted in : Eversheds HR Speed Brief on 24 May 2013
What are the implications?
This year will see the end of the State pension payable from age 65. Anyone reaching age 65 after 1 January 2014 will not be entitled to a State pension until they reach age 66. The age for qualification for the State pension will move out to age 67 in 2021 and then to age 68 in 2028.
These developments are likely to have significant consequences for employers, pension scheme trustees and workers alike. This article highlights some of the issues which will need to be considered in terms of how the changes will impact on pension arrangements in particular, and on the workplace generally.
1. Defined Benefit Schemes
Many defined benefit schemes currently operate on an
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This article is correct at 06/08/2015
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