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Introduction

  • Geneviève Reday-Mulvey

Abstract

At the beginning of the twentieth century, pension schemes were set up to provide a replacement income during a well-deserved though short period of retirement (on average five years). After the Second World War, these schemes were substantially improved to provide more generous benefi ts over a longer period. At the time, however, nobody even dreamed of the extended life expectancy that we enjoy today — an expectancy that continues to rise.

Keywords

Early Retirement Pension Scheme Service Economy Health Expectancy Replacement Income 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Geneviève Reday-Mulvey 2005

Authors and Affiliations

  • Geneviève Reday-Mulvey

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