Good News for Minimum Wage Workers/ Bad News For Seniors
The minimum wage will increase today to £5.05 an hour, up from £4.85, while 18 to 21 year olds will get 15p more at £4.25. Further increases are planned.
Planning to Live a Long Life?
A sharp increase in life expectancy in the past ten years is posing bigger problems for both pension funds and life insurers and adding to the pressure for raising the retirement age, according to new figures.The Continuous Mortality Investigation (CMI), which publishes its results once a decade based on trends over a three-year period, said the chances of a 65-year-old man dying within a year of retiring were now 30pc less.It added: "A 65-year-old man may now expect to live on average until he is 86 years and seven months, an increase of 3½-years from when the previous tables were published."
[Daily Telegraph page 33 - 30.09.05. Also reported in The Times page 52 and The Independent page 57]
Planning to Live a Long Life?
A sharp increase in life expectancy in the past ten years is posing bigger problems for both pension funds and life insurers and adding to the pressure for raising the retirement age, according to new figures.The Continuous Mortality Investigation (CMI), which publishes its results once a decade based on trends over a three-year period, said the chances of a 65-year-old man dying within a year of retiring were now 30pc less.It added: "A 65-year-old man may now expect to live on average until he is 86 years and seven months, an increase of 3½-years from when the previous tables were published."
[Daily Telegraph page 33 - 30.09.05. Also reported in The Times page 52 and The Independent page 57]
posted by Your Friends @ Myvesta.org.uk at
10/01/2005 10:40:00 am
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