30 Million people could be affected by new plans being considered by the government to shave a year off of the state pension.
This is due to a major state pension age review which, unfortunately, would make people retiring after 2028 to work longer cialis canada fr. This will further shrink the retirements of all adults currently aged 22 to 54.
The Daily Telegraph estimates the plans could save the Treasury around £240 billion by cutting 12 months or £8,000 off their state pension entitlement.
Experts said policymakers will likely be given the green light to progress, which they stated would a “politically painless” way to cut spending as future pension cuts “feel a long way off”.
The final results of the state pension review will be published May 2017 and are expected to recommend younger generations should work beyond the age of 70.