Pensions: work longer for less and save more, says OECD

Summary: Monika Ziepke, aged 52, rearranges goods at a supermarket in Neuruppin, Germany, in 2006. The OECD has said that pension reforms in rich countries mean that retirement benefits will be 15-25 percent less than would have been paid, and most people will have to work for longer and save more.

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