Bermuda. Retirement age under review
The retirement age should be increased to 70 over a ten-year period, a Labour Advisory Committee report recommended yesterday.
The report, tabled in the House of Assembly, said Bermuda’s ageing population had put pressure on pension plans and public sector finances. It also recommended that legislation should be amended or introduced to prevent discrimination against older employees and that a toolkit to help people prepare for retirement should be created.
An LAC sub-committee compiled the Reviewing the Retirement Age report, which was tabled by David Burt, the Premier.
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