April 2026

Greece. ‘They treat me like a dog’ – 89-year-old opens fire in Athens office over long-running pension dispute

An 89-year-old man opened fire inside a social security office in central Athens and later at a courthouse, injuring five people. According to his own statements, the incident was driven by a long-running dispute over his pension and a sense of injustice. The shootings unfolded on Monday at an office of Greece's main social security body, EFKA, in the Kerameikos area of Athens. Five people were injured, including employees and members of the public, inside the building at the time. None of the injuries...

Baby boomers have now ‘gobbled up’ nearly one-third of America’s wealth share, and they’re leaving Gen Z and millennials behind

Older Americans may be trading in hustling for retirement, but that hasn’t stopped them from getting richer. Baby boomers now hold a record high of the United States’ wealth, Apollo chief economist Torsten Slok noted in a December blog post, citing Federal Reserve data. Compared to 1989, when those over 70 years old held 19% of the wealth in the household sector, older Americans now own 31% of the wealth. That chunk of change is an outsize share compared to other generations....

Older people forced to ‘unretire’ amid financial pressure concerns

Many older people are being compelled to "unretire" as the financial realities of their post-work lives fall significantly short of expectations, new research has revealed. A survey conducted for Standard Life found that one in six (16 per cent) retirees have either already re-entered employment (8 per cent) or are considering doing so (8 per cent). While social reasons, such as feeling disconnected, play a part, financial pressures are also a trigger for many seeking work again. Three in 10 (30 per cent) retirees report...

UK state pension age begins rise to 67 with payment boost

The UK state pension age has begun a phased increase from 66 to 67, starting with people born in the early 1960s, alongside a 4.8% payment rise under the triple lock. The change, expected to save £10bn annually by 2030, has drawn concern from charities about its impact on lower-income and less healthy regions. Political pledges to maintain the costly triple lock persist despite warnings about the system’s long-term sustainability. Pension age rise begins with phased rollout From Monday, the UK...

March 2026

UK. Only 14 per cent of people ‘on track’ to retire when they want

Just 14 per cent of people are on track to retire when and how they want, with large gaps between expectation and reality, research by savings platform Flagstone has found. The survey findings revealed that, on average, respondents would like to retire at age 61. However, based on current savings and contribution levels, most will not be able to retire until the age of 83 – revealing a 22-year discrepancy. The findings are broken down by industry, with only 4.7 per cent...

The surprising reason people in the US are working longer than they used to

Older workers today have more wealth than previous generations but are afraid to use it Workers covered primarily by traditional pensions that paid them a monthly check for life retired at an average age of 62, while those relying on 401(k)-style plans retired closer to 66, a new study found. In the good old days, when my father retired, he had a traditional pension that paid him a monthly check for life. He never had to wonder whether he would outlive...

The Impact of Pension System Reforms on Elderly Labor Force Participation: A Comparative Study of Germany, the United States, and Brazil

By Amos Kupaza Objective: This study provides the first harmonized, micro‑level comparative analysis of pension reform effects on elderly labor force participation in three paradigmatic welfare regimes: Germany (coordinated market economy, conservative‑corporatist welfare), the United States (liberal market economy, liberal welfare), and Brazil (dualistic economy, conservative‑informal welfare). We test the institutional mediation hypothesis: that reform effects are systematically shaped by labor market structures, social protection arrangements, and production regimes. Methods: We employ harmonized microdata from IPUMS-CPS (USA) and IPUMS-International (Germany, Brazil) , comprising 495,000 person‑year observations spanning 2000–2023....

UK. DWP State Pension age change begins April 2026 as payment increase confirmed

The State Pension age is due to increase from 66 to 67 from next month, with the change anticipated to be fully implemented for all men and women across the UK by 2028. This proposed rise in the official retirement age has been in place since 2014, with an additional increase from 67 to 68 planned between 2044 and 2046. The Pensions Act 2014 brought forward the State Pension age increase from 66 to 67 by eight years. The UK...

Reform unlocks China’s sil­ver dividend

In a tech­no­logy park in Shang­hai’s Xuhui dis­trict, 58-year-old Zhang Wei is fine-tun­ing a drone used for agri­cul­tural inspec­tion. With 35 years of exper­i­ence as an air­craft mech­anic, he remains one of the most reli­able tech­ni­cians in the fact­ory. Under China’s pre­vi­ous retire­ment frame­work, however, Zhang would soon be expec­ted to step aside, begin draw­ing a pen­sion and leave the work­force. But Zhang is not ready to hang up his boots. “This is when exper­i­ence mat­ters most,” he says. “If...

January 2026

Goodbye to Retirement at 60 in the South Africa

South Africa has officially moved away from the traditional default retirement age of 60, with new pension regulations taking effect from early January 2026, reshaping retirement planning for millions of workers. This shift addresses rising life expectancy, pension fund sustainability, and economic pressures, allowing retirement ages to be set by employment contracts and fund rules rather than a fixed benchmark. South Africa Pension Reforms 2026 Overview The abolition of the automatic retirement age at 60 marks a pivotal change in South Africa’s...