PENSIONERS attacked a report yesterday that recommends an increased state pension age and scrapping of the triple lock for “asking the right questions but coming up with the wrong answers.”
Former CBI director general John Cridland, who had been appointed by the government last year to conduct an independent review of the state pension age, called for a planned rise in the pension age to be brought forward by seven years.
This would mean an increase from 67 to 68 between 2037 and 2039. Mr Cridland claimed that this would provide “intergenerational fairness” while improving the sustainability of the state pension, which currently costs the government £100 billion a year.
But experts warned that it would mean people currently in their thirties working until the age of 70.
Mr Cridland also recommended that the so-called triple lock, which ensures that the state pension increases in line with inflation, earnings or 2.5 per cent, whichever is highest, be scrapped during the next parliament.
The government has only pledged to maintain the lock up to 2020.
National Pensioners Convention general secretary Jan Shortt said Mr Cridland had asked the right questions but proposed the wrong answers.
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