Increase in pensionable age
The Government decided that in order to address the future sustainability of the pensions system, the State Pension (Transition) should be discontinued in 2014, thereby increasing State Pension age for all to 66 years, and to further increase the State Pension age to 67 years in 2021 and to 68 years in 2028.
As agreed under the EU/IMF Memorandum of Understanding, these changes were legislated for in the Social Welfare and Pensions Act 2011.
Discontinuance of State Pension (Transition)
The Social Welfare and Pensions Act 2011 discontinues the State Pension (Transition) for new claimants with effect from 1st January 2014. This will standardise the State Pension age at 66 years for all applicants.
Further increases in pensionable age
The Social Welfare and Pensions Act 2011 also provides for an increase in the qualifying age for the State Pension from 66 years to 67 years from 1st January 2021, and a further increase to 68 years from 1st January 2028.