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Public sector pension age may be raised to 65, says green paper

Future public service staff, including civil servants, teachers and NHS staff may need to work until 65 rather than 60 to get their full pension, under proposed reforms in the Green Paper published today.

The changes proposed in &#39Simplicity, Security and Choice: Working and Saving for Retirement&#39 would be made by 2006 to reflect people living longer, changing working patterns and to bring the public service into line with private sector practice.

But it says present public service employees&#39 pension rights already earned will be fully protected and existing staff will be able to retire at 60 if they wish.

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Pension freedoms: stop the scams

At the beginning of 2015, we highlighted that the new pension freedoms that come fully online on 6 April also represent a very attractive opportunity for the criminal fraternity to scam savers out of some, or all, of their accumulated retirement savings.

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