People in their 20s, 30s and 40s can expect to work for longer before they can claim a state pension.
In the Autumn Statement, the Chancellor indicated that the pension age would rise to 68 by the mid 2030s, and 69 in the mid 2040s.
How could these changes affect us, as individuals and a society?
It was a topic for debate on this month's Around The House, with the Conservative MP for Penrith and the Border Rory Stewart, the Sunderland Central Labour MP Julie Elliott and the Redcar Liberal Democrat Ian Swales.
Watch the discussion here:
More top news
Three men from Dumfries and Galloway have won a share of £1million after pitching their road surfacing business idea to Sir Richard Branson.
With 74 empty shops and businesses in the town centre, D&G council says it's going to spend a million pounds to bring visitors back.
Following Friday's vote to leave the European Union, businesses in the region are worried about how their export market will be affected.