AIG Chief Sees Retirement Age as High as 80 After Crisis

AIG Chief Sees Retirement Age as High as 80 After Crisis - Bloomberg

American International Group Inc. (AIG)Chief Executive Officer Robert Benmosche said Europe’s debt crisis shows governments worldwide must accept that people will have to work more years as life expectancies increase.

“Retirement ages will have to move to 70, 80 years old,”Benmosche, who turned 68 last week, said during a weekend interview at his seaside villa in Dubrovnik, Croatia. “That would make pensions, medical services more affordable. They will keep people working longer and will take that burden off of the youth.”

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He is right. 80 seems a bit high to me, but 70 sounds just as reasonable to me as 65.

Fletch said:

He is right. 80 seems a bit high to me, but 70 sounds just as reasonable to me as 65.

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Why not just make it 90? Come to think of it, why even have retirement at all? Idle hands are the Devil's workshop, afterall.

Only one big problem hes forgetting about....you want 70 and 80 yr olds to work...and it will put 20 and 30 yr olds out of work...THERES NOT ENOUGH JOBS...they are all in china...lol...these nutjobs with their big ideas...lol

I plan to save up and retire on my own terms, so it's no consequence to me.

But the thought is troubling.

A raised retirement age is one of the more reasonable way to deal with budget shortfalls. A less realistic but still practical solution would be punish the idiots at AIG who played a part in creating the crisis in the first place.

Fletch said:

He is right. 80 seems a bit high to me, but 70 sounds just as reasonable to me as 65.

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I had a very interesting and stimulating career, made excellent money and I don't want to work until I am 70 flipping burgers or as a greeter at WalMart.

My work has been taken by younger, stronger people who are willing to take the risks I once took... and they are more in touch with modern markets.

I think there are some, like my oldest brothers who will work and make money and be innovative until they are 70-72 because its fun for them.

But, its not that way for everyone.

Your Star said:

I plan to save up and retire on my own terms, so it's no consequence to me.

But the thought is troubling.

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how dare you!... you will stop this revolutionary thinking at once!


at age 65, you will cease working , cease being productive, be cast out of the workforce and collect public benefits that afford you such luxuries as ramen noodles and an efficiency apartment.
that is the American way.. do not mess with it young lady!

rathi said:

A raised retirement age is one of the more reasonable way to deal with budget shortfalls. A less realistic but still practical solution would be punish the idiots at AIG who played a part in creating the crisis in the first place.

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A less realistic but still practical solution would be punish the idiots at AIG who played a part in creating the crisis in the first place

Right on!!!!!!!!!!!!

Lets put this in its perspective as of "TODAY" the lifespan of an american male is 75 approx and a female is 79...so working till your 80 is out of the question for decades...
The lifespan is how long they are LIVING...not how active they are or how healthy they are or are they able to work...and work a full time job to support themselves....now how about 70 yr olds that were laborers...and thats all they know...you want them to do hard labor at 70.

This is just absurd at this point...now two 3 decades from now...and the lifespan increases even more and medical technology reachs a point a 70 yr old or 75 yr old can actually function at a full time job...ok...but today its totally ludicrous and for every 70 yr old and above with a full time job that takes a job from a younger person with a family etc....

we don't have enough jobs with people working until age 67.

i would like to retire while i am young and healthy enough to enjoy it. if i can afford it, i will.