Agreement is seemingly being reached on whether retirement age should be raised, the Pensions Policy Institute (PPI) reports.
October's pension deal reveals that retirement age should be raised for all new employees starting to work in the public sector.
The retirement age decision was made after consideration was given to concerns about demographics and finances.
The PPI reports that by increasing the retirement age a "powerful signal" is sent. It shows that working for longer will be a "natural reaction to greater longevity".
The October UK pension deal was criticised for failing to take into consideration that some employees might choose to work beyond the retirement age.
Rising longevity and an ageing population have consistently been the basis of the PPI's argument in favour of a higher retirement age.
The National Association of Pension Funds has added its voice to the debate. It believes that by 2030, retirement age should be raised to 67 and a decade later to 69 years.
Meanwhile, an American study found that postponing retirement could increase longevity.
Workers who retired when they were 55 or younger had almost double the mortality rate of those working until they were 65, according to the study published in the British Medical Journal.
Retirement age debate to conclude
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Retirement age debate to conclude
Fri, 04 Nov 2005
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