The inconvenient truth preventing extended working lives

In advance of yesterday’s Congress debate on the state pension age, the TUC published new research on the group of people approaching retirement who will in future be affected by state pension age increases.
The research concludes that although a state pension age may be good, nominally, for the country’s balance sheet – which explains why the coalition government plans to accelerate the timetable for increases established by the Pensions Commission in 2005 – it will fail to provide the economic boost the government is expecting unless later retirements can be achieved in practice.

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Image: Marlene Manto