The retirement age in the United Kingdom must be raised to 71 years by 2050 to maintain a balance in the public pension system, according to a study published on Monday by the British branch of the International Longevity Center (ILCUK).
“Most countries that rank high” in the healthy aging index of this research center, like the United Kingdom, “has a rapidly aging population”, which means that the proportion of people of working age (15 to 64 years) decreases compared to older people.
In the United Kingdom, “The retirement age should be set at 70 or 71, compared to the current 66, to maintain the status quo of the number of workers per retiree” who receives a state pension, according to this study.
The state pays a pension in the United Kingdom, which currently amounts to a maximum of 203.85 pounds (US$257.44) per week, and the majority of British retirees also receive a private pension.
The retirement age is currently set at 66 in the country and is expected to increase to 67 between 2026 and 2028 and to 68 from 2044.
However, if allowing people to work longer is a solution to a balanced pension system, “Research shows that at age 70, only 50% of adults” can work, according to the ILCUK study.
ILCUK researchers are calling on the government to focus more on preventing health problems, not just among older people but also those of working age, as the UK has seen the number soar since the pandemic. of people inactive due to chronic diseases.
Source: Gestion
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