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With population ageing, both pay-as-you-go pensions and funded pension schemes need to undertake reforms: the lever of raising the age of entitlement is high on the political agenda. This chapter sets out what is meant by the ‘entitlement age’ and outlines the different reform options available to affect the timing of the retirement decision. It discusses the state of play in OECD countries and whether patterns and trends can be found between the official age of entitlement, the effective age of retirement and the pension system type.
Keywordseffective retirement age pension age reform
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