Actuaries urge raising of retirement age

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US - The retirement age must be raised sooner rather than later if the country is to stave off an impending pension crisis, the American Academy of Actuaries (AAA) has warned.

Under the current regime, the AAA said Social Security funds would enter deficit by 2017 and be completely exhausted by 2041 unless steps were taken to boost funds or ease the burden on the retirem...

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