TUAC NEWS
Retirement age of 70? Individual Defined Contribution Schemes For All? – Is this the Pension Future the OECD Wants?
TUAC comments on OECD Pensions Outlook 2012
29/06/2012
- 1206t_pensionoutlookpdf
The long awaited “Pensions Outlook 2012”, the new flagship publication of the OECD on pensions, was released on 11 June 2012. The OECD press release1 and the media coverage that followed are unequivocal about the main policy message: “Raising the retirement age and expanding private pension coverage are essential”. The OECD recommends increasing the retirement age beyond current levels, which range from 65 to 69 across OECD economies. It is not clear whether the OECD is recommending the age of 70, or even higher. ...
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