The rising cost of pensions and healthcare will force workers to stay on the job until age 80, according to American International Group Inc. CEO Robert Benmosche. Benmosche -- who is 68 himself -- was interviewed by Bloomberg News at his seaside villa in Dubrovnik, Croatia. The story was posted today by Crain's New York Business. "Retirement ages will have to move to 70, 80 years old," Benmosche said. "That would make pensions, medical services more affordable. They will keep people working longer and will take that burden off of the youth." There's something a little depressing about being told that you'll have to work until age 80 -- even if you think you might do it voluntarily anyway. And Benmosche should remember that the decision to retire isn't a decision just for legislators and insurance companies. Employers, too, will want a say in how long workers stay on the job. And young people entering the workforce might bristle at the idea of continuing to work with baby boomer-era bosses for another 30 years!
Ready to work until you're 80?
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