If triple lock on pensions applied what is knock on effect for future retirement age?

T

TeessideCleveland

Well-known member
With Tories going forward with triple lock guarantee for pensioners there are predictions that the date that eligibility for state pension not being until 68 will be moved forward from 2044
I know it's a bit crystal ball prediction but what do people think will be the date it's moved forward to?
Are there any indicators from previous actions of what might be done?
 
TeessideCleveland said:
With Tories going forward with triple lock guarantee for pensioners there are predictions that the date that eligibility for state pension not being until 68 will be moved forward from 2044
I know it's a bit crystal ball prediction but what do people think will be the date it's moved forward to?
Are there any indicators from previous actions of what might be done?
Click to expand...
I think you'll see it rise well before then, in the same way that women's retirement age was.

I'd like to see some legislation for manual workers brought in though. We're coping with non manual work later in life but manual workload takes its toll on the body.

I wasn't a manual worker, by the way. I also think it's time we had a good hard look at working hours and started to trim them down, making the workforce more productive. You produce more when you work shorter hours, not that bosses filing timesheet backed invoices for non productive work will agree with that.
 
TeessideCleveland said:
With Tories going forward with triple lock guarantee for pensioners there are predictions that the date that eligibility for state pension not being until 68 will be moved forward from 2044
I know it's a bit crystal ball prediction but what do people think will be the date it's moved forward to?
Are there any indicators from previous actions of what might be done?
Click to expand...

My guess is 8 years to 2036 though wouldnt be surprised if its as soon as 2032, I can see the state pension age being 70 by the time I’m ready to retire though.
 
Who the hell is going to employ 68yo's? & what jobs will they be fit for - we can't all run America..

I'm late 50's & get to last stages of - phone interviews, they then see me & via teams interview & that's it . 😂👍
 
BobUpnDown said:
Who the hell is going to employ 68yo's? & what jobs will they be fit for - we can't all run America..

I'm late 50's & get to last stages of - phone interviews, they then see me & via teams interview & that's it . 😂👍
Click to expand...
I'm 68 this year and getting plenty of offers.

My last gaffer in the States was 73, I was 59 at the time and second youngest in the team, We were at the front end stage for the design of a new LNG plant.

There's plenty of people my age and older still grafting, quite a few on the tools or laying bricks. My dad worked on the bricks until he was 81.
 
Back in 2000 I took on an old bloke - exchange admin - he couldn't believe he got the, contract.. I said not a problem as it was 3 months & then renew, so little risk.. had zero issues with him..

Though I do wonder how many will get jobs..
 
Corcaigh_the_Cat said:
I think you'll see it rise well before then, in the same way that women's retirement age was.

I'd like to see some legislation for manual workers brought in though. We're coping with non manual work later in life but manual workload takes its toll on the body.

I wasn't a manual worker, by the way. I also think it's time we had a good hard look at working hours and started to trim them down, making the workforce more productive. You produce more when you work shorter hours, not that bosses filing timesheet backed invoices for non productive work will agree with that.
Click to expand...
Spot on for me. But our largely right wing media will make it difficult. British workers are the laziest in the world of course.

Automation and AI should easily allow it too, but without legislation all that will happen is many businesses will use the tech to cut staff numbers instead. What all these people will do when their jobs are replaced by technology is anyone's guess. But long term thinking isn't really the forte of neoliberals.
 
Priv said:
My guess is 8 years to 2036 though wouldnt be surprised if its as soon as 2032, I can see the state pension age being 70 by the time I’m ready to retire though.
Click to expand...
If it moves to 70 by 2032 they might as well scrap it and send me to the knackers yard - as my low pay won't ever let me retire
Let's face it they are chasing the pensioners votes - as they are going to be more likely to vote for this
There is going to be a time when this is becoming fundamentally unfair on working people who 'miss the boat' on lower age pension entitlement
 
Corcaigh_the_Cat said:
I'd like to see some legislation for manual workers brought in though
Click to expand...
I can't see how that could ever be workable though. Too many variables e.g. how long has someone done manual work etc.

You couldn't just say manual workers retire earlier because that is a system that could easily be gamed.
 
Johnny Vincents Motorbike said:
just use the same retirement plan and system for manual workers, that the police have, the fire brigade have, sections of the civil service have and to some extent railworkers have & so on and so forth....

where theres a political will - theres a way.
Click to expand...
How would that work for private sector businesses?

And my understanding is that those people don't get their state pension any earlier?
 
sherlock1969 said:
I can't see how that could ever be workable though. Too many variables e.g. how long has someone done manual work etc.

You couldn't just say manual workers retire earlier because that is a system that could easily be gamed.
Click to expand...
The introduction of the state pension in 1909 IIRC was aimed squarely at manual workers. If you somehow made it to 65 after 50 years down a mine or in a factory then you could now expect a couple of years without starving to death, as would have happened previously when your health inevitably broke down at that age.
 
BobUpnDown said:
Who the hell is going to employ 68yo's? & what jobs will they be fit for - we can't all run America..

I'm late 50's & get to last stages of - phone interviews, they then see me & via teams interview & that's it . 😂👍
Click to expand...
I watched a programme about 100+ year olds still working 😬 there was one old lad 105 still turning up to his office every morning 🤣 this was in America mind
 
sherlock1969 said:
How would that work for private sector businesses?

And my understanding is that those people don't get their state pension any earlier?
Click to expand...
I think police do, generally at 60.

Lot of these will be on old final salary pensions mind so as these gradually phased out people may work longer

Lot of manual workers may also be self employed so may have no private pension
 
ThatFragranceGuy said:
I think police do, generally at 60.

Lot of these will be on old final salary pensions mind so as these gradually phased out people may work longer

Lot of manual workers may also be self employed so may have no private pension
Click to expand...
You can have a private pension if you're self employed, they're just saving schemes.
 
You must log in or register to reply here.
Back
Top