Tuesday, August 11, 2009

Pension age in UK could rise further

I just wonder why are senior citizens always sidelined? With an increasing life expectancy UK Pension Minister Angela Eagle stated that the state pension age is expected to rise to 68. As of now the state pension age is 60 for women and 65 for men.

There are certain sections of the society which believe that with rising life expectancy each year government can simply not afford to maintain state benefits at the current level. If this happens it would mean people would have to depend more on company and private pension arrangements in the future.

A sorry situation for senior citizens at the moment I believe.

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