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
The Met Office have issued a warning for snow showers and icy strectches from Saturday evening until 10 am Monday
Kerrie Gosney brings you Saturday night's forecast
Severe gales possible for a time north of the border overnight. A cold, raw wind sets in Sunday. Showers turning wintry Monday & Tuesday.