According to the report, the retirement age will rise to 71 in 2050, if the number of working people in relation to pensioners is to be kept at the current level.
Retirement age may rise to 71 years in Britain in the future, said a report by a British think tank on Monday. Currently, the retirement age in Britain is 66.
According to the report, the retirement age will rise to 71 in 2050, if the number of working people in relation to pensioners is to be kept at the current level.
“If, on the other hand, 20-64-year-olds are counted as the working-age population, in which case full-time students are excluded, the retirement age should rise above 70 as early as 2040,” said the report of the International Longevity Center think tank.
However, according to the report, people often become ill before reaching official retirement age, which means they have time to pay less tax and contributions towards their pensions.
In France, the retirement age was raised from 62 to 64 last year, which caused large protests.
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