Quote:
Originally Posted by Carth
We could always look at it from a different direction . . and drop retirement age to 60.
If everybody stopped working at 60, there would be quite a few jobs up for grabs. The (new) pensioner gets roughly £12,500 per annum and a younger bloke with a family gets a decent paid job (£25k minimum?) . . therefore the UK saves on the benefits he was being paid for not being in work.
No idea how much those benefits (for a family) would be, but he's now got a job and money to spend and the pensioner gets time to . . do whatever he wants, and if he also has a private pension he's gonna be fine.
Would it also encourage more people to put into private pensions, knowing they'll probably still have some good years of decent health if retiring at 60 ?
|
Be extremely expensive, though. People are living longer, and you would be further tipping the balance between the retired and the workers paying for their retirement.
I think you need to keep the pension age where it is change the triple lock to a different system which doesn't let pensions erode vs inflation but doesn't trap the government into unsustainable increases.
Also further encourage private pension saving.