According to the pensions adviser to the government, employees in the UK will have to continue working until the age of 70 to keep the state pension alive for another 100 years.
Due to the fact that life expectancy is going up, Lord Turner reportedly said, people may have to work for a greater period of their lives. Lord Turner has controversially suggested an increase in the working age to 66, and then 68 by 2046.
Lord Turner was reported as telling the Times newspaper: "I would be amazed if around 2055 the government of the day were not taking the retirement age higher and we'll be at 70 by the end of the century." The Government commissioned a report from Lord Turner with the aim of staving off a pensions crisis.
Pensions for 70 year old workers
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Pensions for 70 year old workers
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1998 - 2008 UK Pensions - Planning before, at the onset and during retirement.
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