State Pension Age Increase For Graduates

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Students graduating from university this year will have to wait until they are at least 71 years old before they can receive their state pension, following government plans to link longevity with pension age.

This is three years older than the current age for receiving state pensions.

Pensions experts state that the number of years people will spend in retirement needs to be taken into account.

Second year student Lee told the Wessex Scene that he believed the change was necessary:

“It’s understandable I guess. If I’m going to live longer, then I suppose working longer makes sense. But it’s still pretty gloomy thinking I’m going to be working for at least another half century!”

Life expectancy is currently increasing by around 2.5years every decade, meaning that the pension receiving age is predicted to continue rising in years to come.

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