Cover: Understanding Decision Making Around Changing the State Pension Age

Understanding Decision Making Around Changing the State Pension Age

A Review of International Evidence

Published in: gov.uk website (2023)

Posted on rand.org Apr 5, 2023

by Natalie Picken, Merrilyn Groom, Frederico Cardoso, Madeline Nightingale, Joanna Hofman, David Blake

This report presents findings from a review commissioned by the Department for Work and Pensions (DWP) to investigate how high-income Organisation for Economic Co-operation and Development (OECD) countries change State Pension age (SPa) and the variables considered when they changed the SPa. The objective of the study was to present available evidence on how other high-income OECD countries have approached the issue of determining the SPa, to generate knowledge and understanding that might be transferable to the UK. The SPa is an important element of a pension system's viability and sustainability in each country, but financing pension expenditure in the longer term may require wider reforms, which are beyond the scope of this review. This study was guided by the following research questions: (i) What factors affect the decision to change the SPa? (ii) How are changes made to the SPa internationally? (iii) What criteria are used (and how are they used) to change and determine the SPa? These research questions are addressed in sections 2.1, 2.2 and 2.3, respectively.

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