Pensions Boss Suggests 2 Tier System
Head of Pension Commission suggests graduates could retire at 70
23rd May 2005
Adair Turner, the head of the government's Pensions Commission, has suggested that university graduates could continue working until the age of 70, while lower paid workers could continue to retire at 65.
Mr Turner, speaking to the Sunday Times, said that the difference would take into account the fact that professionals live an average of 5 years longer than unskilled workers.
"One of the sad facts is that, although life expectancy is going up, it is going up least in lower socio-economic groups. So we have to be sensitive to that when we put up the state pension age."
He also pointed out that extra time spent in education meant that working years were reduced, with graduates possibly not entering employment until 23.
Read More: BBC Report
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