State pension age: Millions of people will have to work an extra year before retiring at 68

‘Millions of workers will have to work an extra year before retiring after the Government announced plans to extend the retirement age to 68.
The state pension age had been due to rise by a year – from the current age of 67 – in 2044.
But David Gauke, the Work and Pensions Secretary, said the cash-saving move would be implemented from 2037, seven years earlier than planned.
Pensions experts said more than six million people would be affected by the change, which will leave anyone aged 47 or younger having to work for an extra 12 months before they can claim their state pension.
Debbie Abrahams, the Shadow Work and Pensions Secretary, called the announcement “an astonishing continuation of austerity”. She said “34 million people” would have to work longer than under Labour’s plans.
The change, which will be brought in over two years, will affect everyone born between 6 April 1970 and 5 April 1978, who under current legislation had been due to retire at 67 but will now work a year longer.’
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