Retirement age inequality

Iafrica has a story about a court battle against different state retirement ages.

Can’t imagine this will go far in the short-term, but might be the beginning of a serious relook at normal retirement age, for men and women, and in in light of trends of extended retirement periods through “mortality improvements”. Mortality improvement is the lowering of mortality over time as a result of several causes, including better medical care, awareness of the dangers of smoking etc.

http://business.iafrica.com/news/540145.htm

A two-day hearing of a case brought by a group of men challenging the unequal provision of the state old age pension to men at 65 and to women at 60 will begin on Tuesday.

Published by David Kirk

The opinions expressed on this site are those of the author and other commenters and are not necessarily those of his employer or any other organisation. David Kirk runs Milliman’s actuarial consulting practice in Africa. He is an actuary and is the creator of New Business Margin on Revenue. He specialises in risk and capital management, regulatory change and insurance strategy . He also has extensive experience in embedded value reporting, insurance-related IFRS and share option valuation.

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