Comment Re:Frist pots (Score 1) 341
It is by design. The "original" retirement age of 65 was set there because that was the average life expectancy. The idea was that if you managed to beat the odds, then a small pension would pay for your food and incidentals while your family was expected to provide the rest until you managed to do the right thing and kick off.
Today, of course, "retirement" has become an entitlement and you expect the government to keep you in the style you have grown to expect with a sufficient pension to maintain your independence.