If you look at the pension system today, people work for about 40 years, and are retired for about 20 years.
If the average life expectancy for the retirees increases by 1 year, they'd have to work 6 months longer to keep the system balanced with those numbers.
If the average life expectancy for the retirees increases by 1 year, they'd have to work 6 months longer to keep the system balanced with those numbers.