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Background: The pension deficit has been rapidly enlarging for more than a decade. If the retirement age is set at a … old in last ten years, the feasibility of rising the retirement age has also been promoted. Methods: This paper aims to … construct a mathematical model for choosing a proper policy about raising retirement age on the basis of the interaction between …
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assumptions, there is almost always a ‘crossover point’ during retirement at which moving out of drawdown into an annuity can be … older ages, than staying wholly in drawdown or from buying an annuity at the point of retirement …
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