Sean King

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Knoxville, Tennessee, United States

Monday, May 31, 2010

The UK is Starting to Get It

Plans to link retirement age to life expectancy are being studied by the man in charge of welfare reform.

Iain Duncan Smith, the Work and Pensions Secretary, signalled that he thought longer retirement periods were bad for the economy.

The Government has already begun an inquiry into raising the retirement age to 66 not sooner than 2016 for men, and 2020 for women.

“It is an absolute imperative to start moving that retirement age up,” said Mr Duncan Smith, seeing it as attractive to link the state retirement age to rising life expectancy.

I like the idea, though I do have concerns about politicizing the calculation of life expectancy.

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