Sen. Elizabeth Warren is pressing the Trump administration for clarity on its position regarding raising the Social Security retirement age, citing projections that the program's trust fund could be depleted by late 2032.
US business owners are increasingly selling their companies to employees as they approach retirement, seeking to preserve jobs and company culture. Employee ownership models like EOTs and ESOPs are gaining traction, supported by rising investment funds and bipartisan congressional interest, though setup complexity and delayed payment remain challenges.
A growing number of Americans, including a 95-year-old doctor and a 93-year-old lawyer, are working past the traditional retirement age of 67. Factors include better health, rising costs of living, and a desire for social interaction and purpose. This trend is also reflected in global leadership, with figures like Donald Trump and Joe Biden working into their later years.
A report suggesting a retirement age of 70 sparked debate in Germany, with members of the government-commissioned pension commission denying the recommendation. However, Federal Minister of Economics Katherina Reiche suggested increasing work volume by stopping early retirement programs.
Germany's Pension Commission is leaning towards a later retirement age to ease pressure on the federal budget, which already subsidizes the pension system by €100 billion annually. Unions warn this could lead to "pension theft" and reduced benefits, particularly for younger generations.
A German tabloid reports the government plans to raise the retirement age to 70, sparking criticism. Chancellor Merz proposes Ukraine become an EU associate member. Other news includes a house collapse victim found, espionage charges, and a World Cup squad announcement.
SEOUL, May 13 (Yonhap) -- North Korea has raised the mandatory retirement age fo...
In a separate direction, the state government also asked departments to discontinue the re-employment and service extensions granted to officers and officials who continued beyond the usual retirement age of 60 years. "The government has issued an order to take necessary action to immediately terminate the tenures of the nominated members, directors, or chairpersons of different boards, organisations, non-statutory bodies and public sector undertakings of the state government," a senior bureaucrat said.
Analysis from the Health Foundation reveals a devastating two-year decline in healthy life expectancy in Britain, with the UK now ranking 20th out of 21 high-income countries, just above the US. Worsening mental health among younger adults shows the sharpest deterioration, while the pandemic is not to blame. By 2028, when retirement age rises to 67, the average person will be in poor health over six years before stopping work. Huge geographical disparities exist, with London improving while Blackpool and Hartlepool see steepest declines.
All India NPS Employees' Federation met with the 8th Pay Commission on April 30, 2026, demanding that central government NPS subscribers be given the option to switch to the Old Pension Scheme after completing certain years of service. The federation also sought raising the retirement age for central government teachers from 60 to 65 years, and simultaneous implementation of central government orders for employees from Union Territories and Central Government Autonomous Bodies. Other demands include a 3.833 fitment factor, minimum basic pay of Rs 69,000, and a uniform leave policy.
A new bill in Congress calls for eliminating the retirement earnings test, which reduces Social Security for some workers who are younger than retirement age.
A 58-year-old former mechanic from Jiangsu province is struggling to find work in Shanghai, highlighting a paradox in China's financial hub where the city desperately needs workers to counter a shrinking population but ageing jobseekers face high fees and physically demanding jobs. Labour agencies charge upfront fees of around 1,200 yuan (US$175) before introducing any work, and most available jobs involve long hours. The search coincides with Shanghai's new government initiative to mobilise the elderly to address a worsening demographic crisis.
