November 18, 2005

NO, WE WON'T FEED YOU 'TIL YOU'RE 67:

Work till you're 67, and then you can claim state pension (Joe Morgan and Antonia Senior, 11/18/05, Times of London)

THE prospect of working longer to avert a pensions crisis is looming large after ministers indicated yesterday that they will press ahead with plans to raise the age at which workers can claim the full state pension from 65 to 67.

Stephen Timms, the Minister of State for Pensions Reform, told delegates at a conference for pensions experts that work was “the best pensions policy”.


Wanna see burning cars? Tell the French that.

MORE:
One in five men won't reach retirement if age rises to 67 (Ian Cowie, Personal Finance Editor and George Jones, 18/11/2005)

Nearly a million people working today will die before they qualify for the basic state pension if the Government goes ahead with a controversial proposal to raise the official retirement age from 65 to 67.

Calculations provided by the Government actuary's department in response to inquiries by The Daily Telegraph yesterday show that one in five men and one in eight women who reach 65 never see 67.


It should be raised until it's at least 3 in 5.

Posted by Orrin Judd at November 18, 2005 7:20 AM
Comments

When Social Security was created retirement was set at 65, an age which only a small percentage of eligables reached.

Posted by: Luciferous at November 18, 2005 9:53 AM

20% of British 65-year-olds die in the next two years?

I would take the opposite lesson; if you quit working to go rot in front of the telly you'll be dead in months.

Posted by: Mike Earl at November 18, 2005 10:52 AM
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