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Crisis ends dream of early retirement
Pensions Minister warns that millions of Britons will be forced to keep working until 65
Gaby Hinsliff and Oliver Morgan
The Observer (London)
The death knell for early retirement is sounded today in a stark warning from Alan Johnson, the Work and Pensions Secretary, that up to 13 million Britons are not saving enough for a comfortable old age.
He attacks the head-in-the-sand culture' of those who fail to put enough by for retirement comes before a landmark report on the looming pensions crisis ..........
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SECOND STORY US NEWS SOURCE
New York Post
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October 8, 2025 -- The longer-term solvency of the U.S. agency that insures pensions is at risk, threatened by troubled airlines and other companies failing to fund their retirement plans, the agency's director said yesterday.
Pension Benefit Guaranty Corp. Director Bradley Belt said he expects to report a significantly increased deficit for fiscal 2004, which ended Sept. 30, eclipsing 2003's record $11.2 billion deficit for the single employer insurance fund. ................
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