State Retirement Pensions
The question
To ask the Secretary of State for Work and Pensions, with reference to page 29 of the document by the OBR entitled Fiscal risks and sustainability, published on 8 July 2025, whether her Department has made its own assessment of the long-term sustainability of the state pension.
Answered by Torsten Bell
The Government is absolutely committed to supporting pensioners and giving them the dignity and security they deserve in retirement.
State Pension payments are paid from the National Insurance Fund (NIF). The Government reviews forecasts of the NIF balance every five years to inform future decisions. The Government Actuary’s Department is currently undertaking its quinquennial review.
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