Americans, living longer, are "resetting their retirement clock," according to retirement expert Ken Dyctwald. Nearly half want to cycle between work and leisure.

Thousands of people from across Poland demonstrated noisily Friday outside Parliament to protest government plans to raise the retirement age to 67.

Reform that includes notions to create a privatized national pension plan for small businesses, as suggested by NCPERS, have received the support of the GAO.

The bulk of the cuts reflect a revised estimate of how much the state must put toward the main pension fund for teachers.