June 4. “Retirement ages will have to move to 70, 80 years old,” Benmosche, who turned 68 last week, said during a weekend interview at his seaside villa in Dubrovnik, Croatia. “That would make pensions, medical services more affordable. They will keep people working longer and will take that burden off of the youth.” Bloomberg News reports.
Benmosche is the CEO (Chief Executive Officer) of AIG, the huge insurance company that almost went belly up and was kept afloat with $182 billion in taxpayer money. Most has been repaid according to Bloomberg.
So this is what Corporate Capital dreams about, wiping out retirement completely.
And where are the millions of jobs going to come from for people aged 65 to 80? People laid off in their 50’s can’t find work.
Well, Benmosche will sit at his villa and figure it out.