Major Reforms to the Pension Bill
Among all the Government’s plans to reform the Pension Bill, the most controversial by far, is the rising of the state pension age to 68 years. This way, the Government believes, there will no longer be the atrenda of relying on the payments that the state has to make to a person after aa life timea of work.
The change will consist not only in the fact that the pension age for women will rise first at 60 years in 2010 and then will rise again at the 65 years in 2020- which was already plan to happen. This is considered to be the proper measure as for the women to equal the men’s state pension age. Under the Pension Bill, there is going to be another rise, for both women and men that will make the state pension age to go up from 65 to 66 over a two period of time, from 2024 to 2026 and then rise for once more, starting 2034 and in the period of 2044 to 2046, the state pension age will get stable, growing until then from 67 up to 68.
