Uruguayan President Luis Lacalle Pou Tuesday admitted he had defaulted on one of his campaign promises of not raising the retirement age, because “it was impossible” not to modify it.
Brazil President Jair Bolsonaro on Friday called for minimum retirement ages significantly lower than those proposed by his predecessor, sparking concerns among investors that he will back watered-down pension reform legislation.
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.