One of the biggest issues about funding future state pensions and the incessant demands for raising the pension age is the fact that we are all going to live longer. This ministers argue is going to be too expensive for new generations paying into the national insurance fund and therefore retirement should continue to rise, possibly eventually to 75.
This argument was used ruthlessly by the Department for Work and Pensions in the judicial review against the appellants supported by the BackTo60 campaign for not compensating any of the 3.8 million women who have seen their pension age rise from 60 to 66.
To justify this ministers always quote figures up to 2011. The reason why they use this year as a comparator is that it was last year of any big rise in longevity which…
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Fear and Loathing in Great Britain 