Pension age to 66 by 2024?
Here's a better idea: change it to 70 by 2011.
The State Retirement Age has been 65 for men since 1925, and 60 for women since 1940. In 1941, the average life expectancy was 59 for men and 64 for women. So men, on average, never lived long enough to claim their pension, and women got it for four years.
Life expectancy now is 77 for men and 81 for women. So an increasing number of pensioners are claiming for longer and longer, and being supported by a proportionally smaller number of taxpayers. The system is broken, and dicking around for fear of upsetting the Saga Set is just making it worse.