Sir Robert Devereux, permanent secretary at the Department for Work and Pensions, is one of dozens of civil servants to have amassed pension packages of more than £1 millionThe government official in charge of increasing the UK’s state retirement age has built up a personal pension pot worth £1.8 million, figures show. Sir Robert Devereux, permanent secretary at the Department for Work and Pensions, is one of dozens of civil servants to have amassed pension packages of more than £1 million. The disclosure comes less than a month after the new work and pensions secretary, David Gauke, announced plans to bring forward the increase of the state retirement age to 68. Pension experts say that the move would affect more than six million people and anyone under the age of 47 would have to work for an extra 12 months before they could claim their state pension. Civil service pensions are still some…

Source: The Times August 28, 2017 23:08 UTC