AARP

Encouraging Longer Work Lives

 

“Germany and the United Kingdom have taken steps to encourage people to work longer and delay claiming the public pension. The UK has recently abolished the Default Retirement Age of 65, and both countries have increased the full pension age (67 in Germany and 68 in the UK). The UK policy of paying a lump sum with a generous return for people who delay could be considered in the United States, as could the policy of exempting older workers and their employers from paying social insurance taxes.” – AARP Fiscal Challenge Study