Make Public Sector Workers Retire at 75: Nightingale

UKpublic sector workers make less effort than those in the private sector, so should be forced to retire at a later age, veteran economist and strategist Roger Nightingale told CNBC Tuesday.

Photo: Scott Barbour | Getty Images

Speaking prior to the UK’s 2012 budget announcement on Wednesday, Nightingale said the government should reduce its fiscal burden by raising the pension age for public sector employees.

“Most people think they should retire at 65, the same as private sector workers. I think they should retire at 75, in recognition of the lower effort they put in when working,” Nightingale said.

He added that the retirement age should have been changed “10, 15, 20 years ago — it should be done tomorrow at any rate”.

During Wednesday’s budget speech, UK Chancellor of the Exchequer George Osborne said he was considering further increases to the state pension age.