Jul 20 2017
As a result this change will hit everyone born between 6 April 1970 and 5 April 1978.
Legislators must approve the change before it becomes law. The current national insurance system makes no allowance for people who will not live long enough to reach state pension age, or who will die soon afterwards.
Speaking to the House of Commons, David Gauke, work and pensions secretary revealed the new proposed timetable for the rise to 68 will be brought forward to 2039 from the previously stated 2046 following a recent review by the department of work and pensions.
Existing plans to raise the retirement age to 66 and 67 remained unchanged, he added.
Steven Cameron, pensions director at Aegon said that the new measures show future generations can not retire on state provision.
"The clear message is that anyone who wants more choice over how and when they retire can't rely exclusively on a state pension and should be reviewing their workplace or private pension provision".
The UK government now spends 5.2 per cent of GDP on the state pension.
In the US, the age to receive full social security benefits is set to rise gradually to 67.
BSP chief Mayawati resigns from Rajya Sabha
Mayawati added that Dalits , Muslims and other backward sections of the society are facing oppression in the Modi regime. Sources in the Rajya Sabha Secretariat said the decision on accepting Mayawati's resignation lies with the chairman.
National French Fry Day: Best deals and most delicious fries to try
Omaha Steaks: Visit any Omaha Steaks' location or order online to get a burger and an order of steak fries for only $2.99. Like, you basically have to gobble down a few chips today, it's practically illegal not sure.
The Price of the Oculus Rift Has Been Considerably Reduced
Before this year the Oculus cut its price. "Now is a good time for us to drive that next tranche of users into the hardware ". Oculus Touch controllers saw a similar price drop at the time, which brought the price for a full bundle to $599.
Latest projections show that the number of people over state pension age in the United Kingdom is expected to grow by a third from 12.4 million to 16.9 million between 2017 and 2042.
Shadow work and pensions secretary Debbie Abrahams described Mr Gauke's announcement as "an astonishing continuation of austerity that means 34 million people will work longer than under Labour's plans".
Statistics show improvements in life expectancy may be levelling off, meaning this increase may be less justified on affordability grounds. A combination of increases in life expectancy, and the growing number of retirees relative to the working age population, means that individuals will have to save harder for their own retirement'.
'That's why Labour will leave the state pension age at 66, while we look again at the emerging evidence, with a view to guaranteeing a secure and healthy retirement for the many, not just the few'.
Gauke said the government was "aiming at the proportion of life spent in receipt of state pension to be 32%".
When the modern state pension was introduced in 1948, a 65-year-old could expect to live a 13-and-a-half years, or 23 per cent of their adult life.
And she said it would hit particularly hard in Scotland, which has lower life expectancy rates than the rest of the UK.
Graham Vidler, director of external affairs at the Pensions and Lifetime Savings Association, said: "This proposal will affect more than 7million people in their late 30s and 40s - the sandwich generation. Without this decision people of working age would have faced a heavy tax burden".
Jul 19 2017
Dallas Cowboys' Lucky Whitehead says stolen dog is 'home safely'
He said the caller said he would call back "but I haven't heard from him since". It hurts because I don't know how he's being treated". "It's tough.
Jul 18 2017
Geese Howard From Fatal Fury Joins Tekken 7
Tekken Tag Tournament's bowling hijinks will return with an upgrade known as " Ultimate Tekken Bowl ". If you want one of the best fighting games to be released this year, Tekken 7 is essential.
Jul 17 2017
Ann Coulter Is Enraged With Delta For Allegedly Giving Away Her Seat
Conservative commentator Ann Coulter took to Twitter to express her displeasure with Delta Airlines about a seating dispute. They look exactly as happy about being ambushed by a camera-wielding Ann Coulter as you might expect.
Jul 16 2017
Feng takes one-shot lead at US Women's Open
The most colorful response came from Danielle Kang, who shared a memory from 2009, when she played the course as a junior golfer. The cut, which fell at three-over, claimed Hamilton's Alena Sharp (76-72) and amateur Maddie Szeryk of London, Ont. (72-77).
Jul 15 2017
Massive sinkhole swallows two Florida homes, forces evacuations
Initially, 911 dispatchers received a call about a boat that was falling into the hole, but then the situation quickly escalated. At around 9:30 a.m. on Friday, the sinkhole was estimated to be 200 feet in diameter and is very deep.
Jul 14 2017
Fresh Kid Ice, 2 Live Crew Co-Founder, Dies at 53
While Wong Won continued to record with 2 Live Crew , he released his debut solo album, The Chinaman , in 1992. That comes as other 1980s Hip-Hop acts such as N.W.A. and Roxanne Shanté have become theatrical film subjects.
Jul 13 2017
Police Gear Up For Day 4 Of Search For Missing Men
Though the property owners don't appear to be the target of the probe, their son, 20-year-old Cosmo DiNardo , might be. The investigation has centered on sprawling farmland property in Solebury Township , where the search began Sunday.
Jul 13 2017
'Wonder Woman 2': Everything we know about the sequel
Whatever the case, we're not about to complain about the reunion of one of the most romantic couples in superhero movie history. However, Deadpool still leads in the global box office with a $783 million total compared to Wonder Woman's $746 million.
Jul 13 2017
Feds investigate explosion at USAF recruiting office
Local and federal authorities are investigating an explosion at a US Air Force recruiting office in Bixby, Oklahoma. If the incident is determined to be a case of domestic terrorism, the FBI will take over the investigation.
Jul 12 2017
Sleep Disruption Increases Alzheimer's Risk
Scientists found interrupted slumber raises levels of toxic proteins in our bodies that are tell-tale signs of the incurable disease.
Jul 20 2017Kylie Jenner Uses Waxwork To Prank Her Family
Jul 19 2017Iran's Missile Program Serves Self-Defense Purposes: Zarif
Jul 18 2017Police Release Sketch Of Person Believed Connected To Delphi Murders
Jul 17 2017Trump's Approval Rating Hits Record Low 6 Months In
Jul 15 2017Beyoncé's Photo of Her Twins Sent the Beyhive Into a Frenzy
Jul 15 2017Rory McIlroy will 'bounce back', says Rickie Fowler
Jul 14 2017Media pick Sooners in Preseason Big 12 Football Poll; OSU second
Jul 14 2017Afghan all girl team twice denied visa for robotics competition in US
Jul 14 2017Trump Budget Would Cut Deficit But Wouldn't Balance, CBO Says
Jul 11 2017Trump's Monday Twitter Storm Echoes Fox News, Defends Ivanka
Jul 20 2017Congress acts to bring Charlie Gard to US
Jul 20 2017US, Mexico and Canada agree on getting NAFTA talks going
Jul 18 2017Ed Wood and Mission: Impossible star Martin Landau dead aged 89
Jul 17 2017Sora Meets Buzz And Woody In The Kingdom Hearts III Trailer
Jul 16 2017First woman to win highest math award dies at 40
Jul 16 2017Disney's live-action Aladdin finally finds its stars
Jul 15 2017Kaalakaandi Movie Teaser Released, Saif Ali Khan, Sobhita Dhulipala
Jul 14 2017Discover the latest music with New Release Radio on Google Play Music
Jul 14 2017Chinese dissident and Nobel laureate Liu Xiaobo dies aged 61
Jul 13 2017Marines, 1 Navy corpsman killed in Mississippi plane crash
Jul 12 2017Mahatma Gandhi's grandson Gopalkrishna Gandhi opposition candidate for Vice President
Jul 11 2017Destiny 2: Limited Edition White PS4 Pro Bundle Revealed, Preorders Open Today