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Friday, June 17, 2011

Public sector retirement age 'will rise to 66'

Public sector retirement age will rise to 66, so will the broken promises in the coming years. Alter the terms of the contract rather than reduce spending. Unfunded liabilities or government promises soared and eventually broke the Roman Empire. History repeats but few notice.

Headline: Public sector retirement age 'will rise to 66'
The government said on Friday that it wants to bring the retirement age for public sector workers into line with the state pension, meaning most employees will have to work to the age of 66.

In a speech to the IPPR think tank, Chief Secretary to the Treasury Danny Alexander also warned workers that it would be a "colossal mistake" to spurn the government's pensions deal and sacrifice the best offer they will be made "for years to come".

The issue is one of the main factors behind a planned strike by teachers and civil servants on June 30, which is expected to start a wave of industrial action.

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