The location should probably tell us all we need to know. Speaking from his seaside villa in Dubrovnik, Croatia, AIG's CEO Robert Benmosche told Bloomberg that Europe's debt crisis "shows governments worldwide must accept that people will have to work more years as life expectancies increase."
It's not exactly news, but the new retirement age he suggests certainly is—80.
"Retirement ages will have to move to 70, 80 years old," Benmosche, who turned 68 last week, told the news service. "That would make pensions, medical services more affordable. They will keep people working longer and will take that burden off of the youth."
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