Thursday, February 09, 2006

United Kingdom: Pension Secretary Predicts Rise in Pension Age

According to BBC, the Work and Pensions Secretary John Hutton told a conference organized by the The Work Foundation that some increase in the state pension age from 2020 is "inevitable."
Mr Hutton acknowledged that raising the state pension age was "a fairly blunt tool for changing effective retirement ages".

But he added: "If we aren't prepared to consider the option of raising the state pension age, we will simply pass an even greater burden onto our children."
Source: "Pension age 'set to rise' in 2020" BBC News (February 7, 2006)

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