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Last Updated: Wednesday, 15 November 2006, 16:45 GMT
Pensions Bill
AIM
A Bill will be introduced providing for long-term reform of pensions
Extract from the Queen's speech
The Bill takes forward the Government's White Paper published in May 2006.

The White Paper built on the recommendations from Lord Turner's Pension Commission.

MAIN PROVISIONS
TIMETABLE
Responsible department: Work and Pensions
Origin: Commons
Terroritorial Extent: United Kingdom
  • Link the uprating of the basic state pension to earnings during the next Parliament
  • Raise the state pension age to 66 between 2024-2026, to 67 between 2034-2036, and to 68 between 2044-2046
  • Reduce the number of years it takes to build a full basic state pension from 44 years for men and 39 for women to 30 years for everyone
  • Create a new delivery authority to "bring on board the expertise needed to design a personal accounts system"


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