Prime Minister David Cameron has warned of a pensions "apartheid" between the public and private sector if reforms are not pushed through for public sector workers.
Cameron said people in the private sector have a "flexible ethic" where employees keep on working if they can, while there remains an expensive cut-off point in the public sector. He was speaking at the Northern Futures Forum alongside prime ministers from Nordic and Baltic nations. He gave a nod of approval to Norwegian pensions, saying he was "very interested" in the system where state pension age rises automatically with increasing life expectancy. People can choose when they begin claiming their state pensions but those who retire later receive higher payments. "I love the idea...
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