§ Lord Simon of Glaisdaleasked Her Majesty's Government:
What would be the respective effects in public expenditure of equalising the retirement age for national insurance at,
- a. 65;
- b. 63; and
- c. 60.
Viscount AstorAt today's prices, the effects on public expenditure in 2025 of equalising state pension age would be:10WA
- a. at 65: a saving of £5 billion;
- b. at 63: a saving of £½ billion;
- c. at 60: a cost of £7 billion.