Second State Pension age Review: PLSA Response

The Second State Pension age Review looked at the following key areas:

• inter-generational fairness;
• changes in the nature of work
• sustainability and affordability;
• metrics for setting state pension age.

In the PLSA response we stated that 68 is already high enough compared to other OECD countries. We also note that having experienced black swan events such as the pandemic and now the cost of living crisis, we need to wait to see the effects on life expectancy, healthy life expectancy and a sustainable State Pension age. We believe that the age set should give each generation a fixed proportion of their expected adult lives receiving the State Pension and at a level that keeps pace with average weekly earnings.