Pension age!

Considering that life expectancy at birth was 79 for males in 2019 (fell since because of Covid), it would have to be a pretty generous state pension if 40 working years of contributions were on average funding 4 years of pension.
It's not good for the economy if people feel they have to stay on until they're 75 even if they don't have the energy, or are bored with the job but know a career change won't be open to them, or just resent having to work so much longer than people who were born a few years earlier.

We should all remember that people retiring now would have left school at 15 or 16 and contributed for 50 years before getting their state pension at 66. I know many of my peers who died before they got to pension age. It happens.

I'm sure many on GN had the chance of a university education and a career. They were then able to retire at 60 or in many cases much younger.

Most people now leave school at 18 and carry on in education. If they don't start contributing until their mid 20s or maybe later are thing so different?

That said 75 is far too old for most people to be working.

I can’t see many people being fit and well enough to work to 75,, especially in some jobs. Nor will some have much of a private pension to bridge the gap.

The article states that people will have to have some kind of pension in place to cover the gap if they want to retire earlier than 75. It reckons that the pension offered at 75 would be about 40% higher, which doesn't seem that generous given the raised retirement age!