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Early retirement suggested for women facing late pensions

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The work and pensions select committee has suggested offering women who were given short notice of the increase in the state pension age the option to retire earlier, with a slightly reduced pension.

The suggestion has been made in a report out today on the introduction of a higher state pension age.

Committee member John Glen MP said: “Lack of adequate notification of state pension age changes demands transitional arrangements, but implemented in an affordable way.

"This report recommends a possible way forward which the government should now explore.”

Experts have recently warned a government review of the state pension age could mean people joining the workforce today will have to wait until their mid-70s before they retire.

Currently, the state pension age is set to be 67 for both men and women by 2028.