Labour said in its manifesto it would not implement the Cridland proposals, and would instead consult on varying retirement ages.
Existing plans to raise the retirement age to 66 and 67 remained unchanged, he added. The current national insurance system makes no allowance for people who will not live long enough to reach state pension age, or who will die soon afterwards.
The change will affect everyone born between April 6 1970 and April 5 1978.
The Department for Work and Pensions (DWP) said it would save the equivalent of £400 a year per household.
Experts are anticipating further increases to the state pension age for people now in their 30s.
There are widespread concerns that a growing bracket of retirees will put unbearable strain on state pension funds, which are financed in a large part by young, working taxpayers.
The government's proposed timetable reduces this to 6.1 per cent of GDP by 2039 to 2040 - saving each household £400, based on the number of households today, and in total saving £74bn by 2045 to 2046 compared to the now legislated timetable. The new timetable reduces that figure to 6.1%.
In Canada, old-age pensions start paying out when you turn 65.
In response to this announcement, Labour's shadow work and pensions secretary Debbie Abrahams said the opposition party did not support the government's decision.
Tom McPhail, the head of policy at Hargreaves Lansdown, said people will have time to plan.
Shadow Work and Pensions Secretary Debbie Abrahams said: "We can not allow this Government to push people to work longer and longer to pay for its failed austerity agenda".
Mr Gauke told the Commons the move would save the Treasury £74 billion by 2045/46 compared with the previous proposals.
Gauke said the government was "aiming at the proportion of life spent in receipt of state pension to be 32%". The Tories said they would replace it with a double lock in 2020, scrapping the 2.5 percent provision. "It is yet another chapter in the Tory Government's hit on people already struggling due to this Government's austerity-driven agenda".
"The latest research shows that working people in some places will now fall ill ten years before receiving their state pension under the Tories" new plan - and just days ago, evidence emerged showing that increases in life expectancy are stalling. "The clear message is that anyone who wants more choice over how and when they retire can't rely exclusively on a state pension and should be reviewing their workplace or private pension provision".
It's understandable for us to base our expectations of life in retirement on the experiences of the older people we know, particularly our parents and grandparents, but this is likely to give an overly pessimistic impression. Longer living doesn't simply mean extra years lived in infirmity in very old age, it also means tomorrow's middle aged will be healthier and more able and willing to work than their counterparts in the past.
The state pension is now £159.55 a week for those qualified to receive the full amount.
"This is the double bite of austerity - workers are expected to work longer and could now be at risk of dying sooner".
The numbers do not bode well for the BSP's chances to its supremo back to Rajya Sabha when her term would end in April next year. He stressed that the party's next move would be to take this issue to the people and expose the BJP's doublespeak on Dalits .
The film is about six characters, set in one night, and encompasses the dark and bright side of life in Mumbai. Going by the teaser, Saif Ali Khan is doing craziest things which even he does not know why he is doing.
When the curtain came down revealing the waxwork after a countdown, Kylie admitted that she was taken aback by how it looked. Sometimes the wax figurines at Madame Tussauds' tourist traps are spot-on, looking like actual twins of their namesakes.
Dallas Cowboys wide receiver Lucky Whitehead's dog has been returned safely after being stolen and held for ransom , he said. The 25-year-old Whitehead tried to get detectives on the case, but they were unable to trace the dognappers' phones.
Fatal Fury's Geese Howard will join the Tekken 7 roster later this year as part of Bandai Namco's DLC plans for the title. Geese looks pretty stunning and all the more intimidating in 3D with his signature red hakama training trousers on.
Pasco Fire Rescue, Emergency Management, Duke Energy and a Pasco building inspector are responding to the scene. Whited said after the home collapsed into the sinkhole, the only thing they could see was the home's roof.
But under current law, the CBO expects economic growth to be about 1.8% on average over the next decade. The White House is likely to take the CBO projection of Trump's budget proposal with a grain of salt.
Unless the USA starts saving more or investing less, that deficit won't decline - regardless of this or any other trade agreement. The most important fact to keep in mind as the administration renegotiates NAFTA is that the agreement has been a success.
It's the first time Pixar has joined the Kingdom Hearts universe - and with it comes a whole new Toy Story , erm, story. Since then, Square Enix has been trickling news about what they plan to include in the third installment.
U.S. says Iran complying with 2015 n
The sanctions freeze any assets the blacklisted targets might have in the USA and block Americans from doing business with them. Trump had repeatedly condemned the nuclear deal brokered by his predecessor Barack Obama as a unsafe capitulation to Iran.
Disney offers a first look at Star Wars land
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Feng takes early lead in US Women's Open
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Beyonce unveils photo of twins Sir and Rumi
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This is the most played video on YouTube
Puth reacted with surprise on Twitter , noting that he joined YouTube in 2007 hoping to make a video that would hit 10,000 views. The video dethroned PSY's " Gangnam Style " that held the original record for five years and stands at 2,895,445,428 views.