Consultation on state pension
Close date: 24 June 2011
The Government consults on reforms to the state pension system, to help people to save for retirement and to help the Government to determine the most appropriate mechanism for future revision of the state pension age. It proposes to accelerate existing reforms so that the state pension becomes a two-tier, flat-rate structure more quickly, or to introduce a single-tier flat rate set above the level of the pension-credit standard minimum guarantee. The reasons for reform are the complexity of the current arrangements, which mean that few people know what their pension will be when they retire and that saving incentives are unclear, and significant fairness and sustainability issues.
Consultation document: A state pension for the 21st century (PDF format, 959K) (on the DWP website)