German central bank suggests raising retirement age to 69

BERLIN (AP) -- Germany's central bank is arguing that the country's retirement age should ultimately be lifted another two years to 69, a call that received a frosty response from the government. 

The government decided a decade ago to raise the retirement age from 65 to 67. The increase is being introduced gradually and will apply to all retirees by 2029. 

Since then, there have been periodic calls for people in Europe's biggest economy to work even longer. In its monthly report Monday, the Bundesbank said consideration should be given to raising the retirement age to around 69 by 2060 to make sure the pension system is viable as the population ages.

DYI Comments:  The retirement age for Social Security will be raised here in the States in an effort to place the program back into balance.  The most likely is a stage in move moving up the retirement age by two to three years.  To be blunt the real objective is to increase the number of participants who will pass away before collecting retirement benefits along with an increased number who's benefit stream shortened do to death.  Government programs are so grand[that's sarcasm folks]!

DYI