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On 21 March 2024, the Parliamentary Ombudsman recommended that the affected women receive compensation in the range of £1,000 to £2,950 each. [22] On 17 December 2024 the Labour government announced that the affected women would not receive any financial compensation. [23] The current ages for the state pension in law are as follows:
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The age of eligibility was moved to 65 for men and 60 for women, but, between April 2010 and November 2018, the age for women was raised to match that for men, [3] [4] and the retirement age for both men and women is increasing to 68, based on date of birth, and by no later than 2046. [5]
As of 2021, the average retirement age in the UK was just over 65 for men and 64 for women. As in the U.S., this average age has increased since the 1990s — but not quite as dramatically.
Retirement age was gradually increased since the 1970s, from 44 for men and 38 for women. [89] Originally, there was no exact retirement age. Current ages will increase to 65 for both genders by 2048. Additionally, various minimum days of service is required, which is currently 7000 days. It will become 7200 days (20 years) by 2048.
According to the Center for Retirement Research (CRR), as detailed by Forbes, in 1992, the average retirement age was 62 for men and 59 for women. For the next 30 years, there is a positive ...
Birth year. Full retirement age. 1943–1954. 66. 1955. 66 and 2 months. 1956. 66 and 4 months. 1957. 66 and 6 months. 1958. 66 and 8 months. 1959. 66 and 10 months. 1960 or later
The United Kingdom (UK) state pension was awarded at 65 years of age for men and 60 years for women until the 1995 Pensions Act which was to phase in a 'balance' to move women's pension age to equal that of men. [24] The option to move men to 60 or to choose another age between the two was not taken up.