§ Lord Taylor of Warwick
asked Her Majesty's Government:
What plans they have to raise the retirement age to 70. [HL3421]
§ The Parliamentary Under-Secretary of State, Department for Work and Pensions (Baroness Hollis of Heigham):
There is no national statutory retirement age. Many employers set a compulsory retirement age for their employees—typically 60 or 65, but there are variations. The Government have no plans to raise the state pension age beyond changes provided for by the 1995 Pensions Act which will, between the years 2010 2020, equalise women's state pension age with that of men at 65.
The Government's position on state pension age was made clear in the pensions Green Paper— Simplicity, security and choice: Working and saving for retirement. The Government are considering the approach they should take to employers' compulsory retirement ages in legislation to outlaw age discrimination in employment and vocational training when implementing the European Employment Directive.