The Executive Council has considered a paper on retirement for members of the Falkland Islands Pension Scheme (FIPS), and approved a move towards greater pension flexibility.
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.