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ILC: UK may need state pension age of 71 by 2050 to sustain dependency ratio; urges prevention-led health policy, broader auto-enrolment and gig-economy protections.

Published on: 06 February 2024

Published by a Law360 reporter
Legal News
Article summary

High-ranked nations are ageing rapidly compared with lower-ranked ones, research by the International Longevity Centre in London has revealed.

The analysis drew on the think tank’s Healthy Ageing and Prevention Index overall, which listed 121 countries in total in 2019 for its comparison. Among them were Switzerland in first place, Iceland in second, and the UK placed 16th in the index. It assessed the dependency ratio, a measure of the percentage of people aged 65 and over relative to working adults aged 15 to 64. A 20% ratio at a state pension age of 65 equates to five workers supporting each retiree in practice. However, projections of 50% by 2050 in some nations indicate there would be just one worker for every retiree by then, the Centre said...

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