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Loan Modification

: Mortgage Lender Implode-o-Meter

Budget 2011: Younger staff will work to 80 under pension link to rising lifespans

By Implode-Explode Heavy Industries

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Look for this to come in the US (in addition to the silent default of fabricated cost-of-living adjustments): ``In a move intended to halt the trend for workers to spend a growing proportion of their lives in retirement, the Chancellor announced a mechanism to raise the state retirement age automatically in line with life expectancy. The pension age is already due to increase to 66 by 2020. But with one in five people alive today expected to celebrate their 100th birthday, ministers have concluded that more radical steps are necessary. ''

Full post as published by Mortgage Lender Implode-o-Meter on March 24, 2011 (boomark / email).

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