IMF: You guys are going to have to raise the retirement age at some point

The Ecuadorian Institute of Social Security (IESS) clarified that the president of the Board of Directors of IESS, Eduardo Peña, “never said that the retirement age will be raised.”

IMF: You guys are going to have to raise the retirement age at some point

The IMF published some interesting papers last week, among which was one about the ‘Rise of the Silver Economy’, which can be essentially summed up by one of the lines it contained: “the 70s are the new 50s”.