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Workplace Pensions: Public Sector

Asked by Mike WoodConservativeTreasuryTabled Answered 8 September 2026UIN 20931

The 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.

Answered by Treasury

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.

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