From Tony Williams
In Clare Wilson’s article on life-extending drugs (4 October, p 6), one consequence that wasn’t mentioned was the impact on pensions. At present, people work for about 40 years and survive for about a further 15.
If they were to live 10 years longer, that would be a 67 per cent increase in the length of time they were drawing a pension.
This would make existing pension funding arrangements unsustainable, and people would have to either make a substantial increase in their pension payments throughout their working lives, or spend most of their extra years working – and thereby becoming “job blockers” for the next generation.
High Peak, Derbyshire, UK
