Every extra year of life adds between 3-4% to the cost of funding a final-salary pension scheme.
"You put into the pension scheme so that you get a decent retirement, " she says.
The average American scheme member contributes just 7.8% of salary to his pension scheme.
It is understood the other local groups affected also use the same pension scheme.
Similar to U.S. Social Security, the national pension scheme has essentially been an insurance program.
In some cases employers simply do not provide any pension scheme for their staff at all.
In 2003, to cut costs, the firm closed its final salary pension scheme to new employees.
The rules of the RBS pension scheme are outlined in the bank's annual report for 2007.
And the pension scheme's funding position "looks to have deteriorated sharply in recent months, " it added.
For countries starting from scratch, Singapore's fully funded pension scheme offers a more promising model.
IFS, to keep their savings liquid rather than lock them up in an inflexible pension scheme.
Earlier this year, the European Commission approved the nationalisation of the Royal Mail's pension scheme.
The man generally credited with introducing the first universal pension scheme is Otto von Bismarck.
If employees have to opt into a pension scheme, many will never get around to it.
Only 9% of staff in the private sector are now contributing to an employer's final-salary pension scheme.
She said it was feared they would not join the pension scheme and may leave the profession.
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Some may argue that a funded pension scheme encourages savings, and that higher savings boost economic growth.
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Amicus is launching a recruitment campaign at T-Mobile, urging workers to defend the final salary pension scheme.
And the worker may also lose any favourable tax treatment that his pension scheme received back home.
So far only about a third of the population is covered by any kind of pension scheme.
The proposed changes would safeguard the benefits its pension scheme members had already built up, it added.
The government has proposed taking over responsibility for the pension scheme as part of the proposed sell-off package.
Half of the profits will help pay for a national pension scheme, due to be launched next year.
Pensioners could still take up to a quarter of the pension scheme as a tax free lump sum.
It administers the state pension scheme and is perhaps the largest single provider of health care in North America.
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Funded or unfunded, a pension scheme is a claim on a future generation.
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Rapid action to push through other urgent reforms for example, of the deficit-ridden state pension scheme would also impress the markets.
Final salary schemes have traditionally been seen as the best type of company pension scheme so far as the employees are concerned.
Workers are angry over plans to close the final salary pension scheme to new recruits and reduce levels of pay.
"It is a fundamental right that a worker has contributed to a pension scheme throughout their working life, " he said.
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