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The Pensions Policy Institute, a UK think tank, recently published a study in which they conclude that the pension age in the UK will need to be raised significantly in order to keep government costs at the level they were in 1981. The study explored several different scenarios; virtually every one required an increase of some kind. Deadlines for such increases vary, depending on the amount of the raise and on the sex of the pensioner. This news is sure to be met with some skepticism and concern by the many people who are already worried about the dismal state of the world economy. The longer that people must work, the less chance they will have to enjoy their pensions. (more…)