Over the summer, the government announced that the state pension age would reach 68 by 2039, not 2046. If this happens, thousands of people will wait longer for state pensions. But is this such a big change? By itself, perhaps not. But the state pension is, for many, the largest part of their retirement income. When they can draw it will largely determine when they retire. We cannot look at this in isolation. Overall state pension age will reach 66 by 2020 for both men and women.