Blueprint Brief – 22nd May 2013
When old age pensions were introduced in 1909, claimants had to be 70 years old. Life expectancy was 50 at the time.
With people now living, typically, into their mid-80s, an equivalent policy would mean that the state pension would only begin once you had celebrated your 100th birthday.
Source: Mark Littlewood, director-general of the Institute of Economic Affairs, The Times, 16th May 2013.