Closed petition Voluntary early retirement at 60 with reduced state pension
Allow people who would like to retire early at 60 to access a reduced state pension, increasing to the full amount when they reach 67 or 68. This would release jobs for younger people and provide a huge amount of potential childcare from grandparents now able to look after grandchildren.
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The plan would release jobs for younger people, and money currently spent on unemployment benefits for non-working younger people could be paid as a reduced state pension at 60. People wishing to retire at 60 would be more available to help with child care of grandchildren which we already know is a huge and money-saving help to working parents, thereby benefitting the younger workforce and the economy. Potential for huge benefits to family life, mental and physical health, and quality of life.
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