Question to the Department for Work and Pensions:
To ask the Secretary of State for Work and Pensions, if he will take steps to ensure that the State Pension Benefit will be available under the current conditions to those entering the workforce in the financial year 2025-2026.
The Government is committed to maintaining a fair and sustainable State Pension system that provides security in retirement. The new State Pension, introduced in April 2016, offers a clear and predictable foundation for individuals’ retirement planning.
Entitlement to the State Pension continues to be based on National Insurance contributions and credits, ensuring that those who contribute throughout their working lives are able to build qualifying years.
To ensure today’s workers and tomorrow’s pensioners have security in retirement, we have launched the Pensions Commission to consider what is needed for a stronger, fairer and more sustainable pensions framework. The Commission will examine how to improve outcomes, particularly for those on the lowest incomes and at greatest risk of poverty or under-saving.