The Rt. Hon. Sir John Major KG CH

Prime Minister of Great Britain and Northern Ireland 1990-1997

1993Prime Minister (1990-1997)

Mr Major’s Comments on Pension Reform – 26 November 1993

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Below is the text of Mr Major’s comments on pension reform, made on 26th November 1993.

QUESTION:

[The Prime Minister was asked whether the Secretary of State of Social Security, Peter Lilley, was right to bring forward plans for pension reform]

PRIME MINISTER:

We have to bear in mind that there will be huge numbers of extra people who will retire and live much longer, in terms of the number of years they will live in retirement. Now, we need to begin to make plans for that now, this isn’t something we can do with six month’s notice.