OECD calls for US public pension reform

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US - Rising ageing-related entitlement spending will cause unsustainable future deficits unless public pensions are reformed, the Organisation for Economic Cooperation and Development (OECD) has warned.

Reform is necessary to speed up the transition from 65 to 67 for the age at which full benefits are paid said the OECD in its economic survey of the US. It also said the federal government could...

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