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Montevideo, November 22nd 2018 - 10:50 UTC

Tag: Budget Select Committee

  • Monday, September 10th 2018 - 09:03 UTC

    Falklands increases retirement age from 64 to 65 in 2020

    The decision arose out of an actuarial review of the FIG Retirement Pension Fund (RPF) carried out in 2016, which found the fund to hold a £82m deficit

    The Falkland Islands Executive Council has approved changes to the Retirement Pensions Ordinance that will increase the retirement age from 64 to 65 in 2020. The changes reflect a policy initially approved by ExCo in 2013 and later by Budget Select Committee during the 2017/18 budget process. Those changes proposed an increase in the retirement age by a year every ten years as of 2020.