The British government presented, last May 25, the last version of its project to reform retirement pensions. Introduced by the Minister for Work and Pensions, John Hutton, the project is largely inspired by the recommendations of the Turner Commission (see our articles n° 06332, 06343 and 06474) on the questions of retirement age, calculation of last allowance, and national savings plan and financing. (Réf. 06527)
- The legal retirement age will be gradually raised to 68 years old in 2044. By then, the limit will be pushed back at 66 in 2024, and 67 in 2034. Currently, a British employee can retire at 65 years old. Even though the retirement age will be 66 years old in 2024, workers who are older than 47 today will not be affected by this reform. The Turner report had recommended retirement at 69 years old in 2050, but the government was careful – which does not exclude that the retirement age be later ra
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