Pensions Age to ..... 72 !?

The definition of Happiness...."Doing something you love doing, and getting paid for it", Recently a friend of mine retired after 45 years working..the last 40 years driving 60 miles ( 30 + 30) per day, and doing boring repetitive assembly line work. When he reached the Company's 65 year retirement age, he was offered a years extension, but he refused. Would I have done the same thing if I was in his shoes? 100% sure I would. As for the future in cases like this??? I know people who are seriously making their own retirement arrangements, but for many, this is not possible due to not having the salary to afford it.

How it works is quite simple: you pay for your parents, your kids pay for you, their kids pay for them. Even if you don't have kids, the system works because the costs are spread over the whole of the workforce.

Alternatively, we can just do away with pensions, and have people rely on their savings and hope (if they have kids) that their kids will chip in too.

If we go for the second option, while we're at it, maybe we could get rid of social welfare, socialised medicine, free education and so on.

Now as for how we are going to pay for it all as family size drops etc, it appears that many people have forgotten that productivity has risen enormously and continues to do so. In other words, greater productivity per person means that there is plenty to go round. And as technology replaces people in productive roles, it frees them to provide services, including looking after the elderly infirm.

..why should you get paid more? You've just admitted its the Internet that makes you faster not you.

🤔

This story would have begun way back in the 70's, when the choices available back then were a far cry from what would become available later on. And by the time such choices were available, he was "married" to the job, so to speak. You have to bear in mind that people from that era, didnt have much choice...getting a job that paid well and actually liking the work involved was a rare enough thing. The legal age for finishing school was 14,, and plenty still did leave. So if you got a job, you generally stuck with it, especially if educationally, you didn't have what was called " A good Leaving". My Friend would not have been alone either.

Sf will get into power once in this country and that will be it. They like FF/FG don't give a **** about the country. They will try to force a UI at all costs and it will be all fun and games till the money runs out.

Productivity gains absolutely based on staff output.

But if I invest 1 million on a mill I'm not paying the staff anymore because I can produce more.. the mill is.. staff are now pressing a button instead of grinding it tje old way

Better working conditions for staff.. but they aren't working harder because I bought the mill

A well run business will pay their staff well because a good business will value their staff and won't want to waste time and money retraining staff every time someone leaves for a better paid job. Most people don't want ti leave their job of its one they like.. but if pay and conditions are poor, the inevitable will happen

There is a practice I believe in the pub trade where young staff are taken on but not paid for 2 weeks because its considered "training"

I find that practice absolutely immoral in the least and is on the other end of the spectrum of decent business practice.

(If they weren't picking up glasses for free during "training" someone would have to be paid to do it) I'm surprised it's legal

If you're unhappy as an employee with your unskilled labour wages, Open up your own mill then and invest the 1 million in your own mill machine and take the risks and reap the rewards of an open and free economy

Pensions should indeed be covered as a part of the school curriculum. We were lucky enough to have a civics teacher in the 80s who told us all about pensions and the importance of starting one up early and not be at the mercy of the state when you retire. The irony of a teacher teaching us this was not lost.

Yes, especially now, when there are choices for career changes, even if there are difficultys...in the times I am speaking about there were very few, if at all career change opportunities' , and its those generations which are now making up a large nr of pensioners as well.

The problem is the willingness to work until age 72 is one thing, but getting hired at age 70 is another thing. And if this isn't enough there are certainly health matters to consider as well.

So the matter of pension age is far more than politics not knowing how to pay for the pension and just putting the age up and up. I would also expect the age not to be 72, but 75 in around 20 years time from now.

This has already happened.

PS pensions have been made less generous.

Ah sure look It wont matter at all in 30 years time when the first batches of people who had to rent all their lives get to retirement.

• No assets for nursing homes to put a lean on
• No property you can convert a bit to look after yourself(Wheelchair, handrails, etc)
• Probably less kids to help you out since you could just about afford rent

Its a real ticking time bomb with no creative solution's being brought forward by our leaders.

Yis will be paying for the green future most people coming up wont be able to afford a pension.

Was there not riots in France a couple years ago over a slight pension age increase a few years ago. Irish people sure like taking it up the bum hole here.

People shite on about life expectancy. I'd just go off the lifespan of my grandparents 81 and 83.

So I'd have just 10 years mind you about 6 totally crippled and in a chair like them. So 4 to 5ish in proper retirement.

Yea right lads!

It's a straight choice between tracing younger workers more or extend the pension age. Neither will be palatable but the OAP vote is strong

...its actually not really, we can still maintain our pensionable ages, and keep our economy moving, we just need to embrace things such as public debt, and reduce our reliance on private debt, in running our economies

hahaha, horsesh1t, we have to move on from this major fear of public debt, private debt has become the far bigger problem nowadays, as 08 showed us, yet again, graph supplied,

theres now sufficient evidence globally to support this, oh and as you can see, public debt actually had little or nothing to do with 08, it was all primarily private debt