States of Gray
Current final-salary schemes are not suitable – or sustainable – for a modern workforce that will continue to enjoy rising life expectancy. In the UK, public-service pensioners who stop working at 60 can expect to spend about 40-45%, compared to about one-third for such pensioners in the 1980’s.
https://prosyn.org/3976416
LONDON – All over the world, people are living longer. That trend is set to continue. Indeed, life expectancy in OECD countries will increase by more than three years between now and 2050. This is on top of large increases in life expectancy already seen: in the United Kingdom, public-service pensioners who stop working at 60 can expect to spend about 40-45% of their adult lives in retirement, compared to about one-third for such pensioners in the 1980’s.