UK. Pension age hike plan called ‘chilling and immoral’ by Baroness Ros Altmann
Tory Iain Duncan Smith’s proposal to hike the pension age to 75 has been branded “chilling and immoral” – by a Tory former pensions minister.
Ros Altmann said retraining people older than 50 to find jobs should be a greater priority than the plan, dreamed up by Mr Duncan Smith’s Centre for Social Justice (CSJ) think tank. The CSJ said the state pension age should rise to 70 by 2028, and then to 75 by 2035.
Read also UK. Fury as plan to work to 75 raises risk of death before retirement, pensioners say
That would be a massive acceleration on current government plans to make it 68 in the late 2030s and 69 in the 2040s.
Baroness Altmann said it would be a betrayal of hard-working people who had planned and saved for their retirements. In a column in the Daily Mail, she wrote: “Forcing Britons to work until their mid-70s may help to boost the economy by £182 billion a year.
Read more @Mirror
