From 2016 the existing two part state pension system is to be replaced by a new single-tier system. The new state pension is expected to be set at around £146 per week; restoring the state pension to the same level of generosity relative to average earnings as it was in the early 1970s. A new report published today by researchers at the IFS, funded by the Joseph Rowntree Foundation (JRF), examines how the proposed reforms affect different types of individuals and contrasts the short- and long- term effects of the proposed reforms which are found to differ dramatically.
Authors
Gemma Tetlow
Rowena Crawford
Soumaya Keynes
Press Release details
- Publisher
- IFS
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