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Written question asked by Mike Wood (Conservative) on Friday, 28 August 2026, in the House of Commons. It was due for an answer on Wednesday, 2 September 2026. It was answered by Torsten Bell (Labour) on Tuesday, 8 September 2026 on behalf of the Treasury.


Public Sector: Workplace Pensions

Question

To ask the Chancellor of the Exchequer, with reference to the answer of 3 August 2026 to Question HL2690 on State Retirement Pensions: Age, whether (a) his Department and (b) the OBR have assumed savings to public sector pension schemes from the raising of the statement retirement age to 68 between 2037 and 2039, where the default retirement age of the public sector pension scheme is automatically linked to the state retirement age.

Answer

HM Treasury has not assumed or quantified savings to public service pension schemes from increasing State Pension age to 68 between 2037 and 2039. The actuarial valuations undertaken under Treasury Directions use the State Pension age timetable in current legislation, under which the increase to 68 takes place between 2044 and 2046.


Secondary information

Type
Written question
Reference
20931
Session
2026-27
Related items
State Retirement Pensions: Age
Monday, 3 August 2026
Written questions
House of Lords
Workplace Pensions: Public Sector
Thursday, 17 September 2026
Written questions
House of Lords
Subjects
Age Workplace pensions Public sector State retirement pensions
Link
View this Written question on www.parliament.uk