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| Index | Last | Var.(%) |
|---|---|---|
| BEL 20 | 2119.3 | 0.50 |
| DAX | 5252.45 | 1.50 |
| IBEX 30 | 10726.8 | 0.59 |
| CAC 40 | 3377.59 | 1.40 |
| FTSE 100 | 4564.5 | 0.79 |
| AEX | 276.85 | 0.95 |
| DJIA | 9096.72 | -0.13 |
| Nasdaq | 1975.51 | 0.39 |
| FTSE MIB | 20341.67 | 1.65 |
| TSX Composite | 10570.54 | -1.74 |
| ASX | 4148.9 | -0.60 |
| Hang seng | 20135.5 | -2.37 |
| Straits Times | 0.00 | |
| ISEQ 20 | 442.48 | 0.27 |
State retirement ages worldwide look set to increase, spurred on by the twin pressures of increasing social security costs and lower mortality rates.Ah, the fountain of youth. We live in a world obsessed with staying younger and living longer. Look through any newspaper or magazine or flip through the television channels and you will be sure to find something that relates to the topic of increasing one's longevity. But while we are busy romanticising the ideal of a longer life, have we stopped to consider any of the potential drawbacks?
One drawback may be “an increase in state retirement ages,” says Giles Archibald, Mercer’s global head of international retirement services. Archibald suggests, “The twin pressures of increasing social security costs and lower mortality rates are driving changes in retirement provisions.”
At present Norway and the U.S. (for those born after 1960 in U.S.) already have a retirement age over 65, while some countries still have a national retirement age (NRA) under the age of 60, such as, China, Russia, Vietnam and Venezuela just to name a few.
4 March 2008
[Mariah McKenna]
[Copyright Expatica 2008]
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