AIG Chief Sees Retirement Age as High as 80 After Crisis

Article posted on June 7th, 2012 by Jack Kneafsey

By Jack Kneafsey

In a rather sobering interview this weekend, American International Group Inc. Chief Executive Officer Robert Benmosche suggested that retirement ages may have to move to an age of 70 or 80 years old, which might be a significant solution to address Europe’s debt crisis, as it would make and keep pensions and medical services more affordable.

Obviously, this will came as a shock to a very large number of workers, particularly government workers, who have made their plans to retire “early”, and especially those in Greece, where they can presently retire at age 50 in many cases, and where the “effective” retirement is 59.6 years.

Read more of Benmosche’s far-reaching interview from Bloomberg News!

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