Changes to State Pension Age and Impact in Employment

Posted in : Eversheds HR Speed Brief on 24 May 2013
Joanne Hyde
Eversheds
Issues covered:

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
Disclaimer:

The information in this article is provided as part of Legal-Island's Employment Law Hub. We regret we are not able to respond to requests for specific legal or HR queries and recommend that professional advice is obtained before relying on information supplied anywhere within this article.

Joanne Hyde
Eversheds

The main content of this article was provided by Joanne Hyde. Contact telephone number is +353 1 6644 252 or email joannehyde@eversheds.ie

View all articles by Joanne Hyde