U.K. confirms retirement age will rise

papau

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Wed May-24-06 09:45 AM
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U.K. confirms retirement age will rise

http://www.businessinsurance.com/cgi-bin/news.pl?newsId=7768

U.K. confirms retirement age will rise
May 22, 2006 10:51 AM CST

LONDON (Reuters)—The United Kingdom confirmed on Sunday that its standard retirement age will have to rise as it struggles to meet a huge pension deficit but said the increase from the current age of 65 would be introduced gradually.

Speaking days before the government releases long-awaited proposals to reform the pension system, Work and Pensions Secretary John Hutton said people would have to work longer. <snip>

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