What’s up with the retirement age in the UK

Münir Tatar

Announcements soon to be made about the retirement regulations will be affecting millions of citizens.

We, Londra Gazete, talked to Münir Tatar about this lawsuit which might have great effects on the Turkish speaking communities as well.

Münir Tatar claimed that the retirement wage will increase once again in the following years due to recent statistics about the increase in human life.

“According to statics, a baby born today will live up to the age of 100. If a person, living 100 years is retired at the age of 65; then government needs to pay pension for 35 years. This puts the economy under a heavy burden.” The well known economical advisor Tatar underlined the problem of retirement pensions for the European governments. As he put it “The capitalist system works like this.”

In Northen Cyprus everyone is retired once s/he steps in to the age of 35. However Turkish government pays the pensions. The same system is not applicable to the UK. It would mean a heavy load for the government, considering the huge population and the number of years the government should be paying the retirement pensions.

New Cabinet minister, Stephen Crabb has not commented on the issue yet. His views on this topic are highly vital to many citizens