EMPLOYERS AND pensions experts attacked a deal announced yesterday by the government and trades unions to raise public sector retirement ages as "a feeble climbdown", according to this morning's papers.
None of the 5m members of public sector schemes will be required to work beyond their current average retirement age of 60 because the new pension age of 65 will only apply to those who start work in the future, says the Daily Telegraph. Some of those already on the public payroll will continue to enjoy retirement ages below 50, with tens of thousands going even earlier due to "bad backs or stress". More than two thirds of members of some public sector schemes retire early due to ill health, according to the Pensions Policy Institute. EQUITABLE LIFE dropped its legal action against a ...
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