Money | British Prime Minister Tony Blair wants to increase Britian's retirement age
by Timothy Lamer
Posted 6/10/06, 12:00 am
It's difficult to know whether, or how much, to applaud a pension-reform plan unveiled late last month by British Prime Minister Tony Blair.
On the one hand, it contains the single most important element of any serious reform effort, an element missing in President Bush's Social Security proposal last year: namely, it raises the retirement age. On the other hand, the Blair plan dilutes the impact of that reform by increasing the benefits paid out to pensioners.