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"ARMs members often face common issues and the most isolating factor facing many former civil servants is their poor pension.
Pity the poor pension fund manager charged with putting his punters' savings in a range of investments to provide an adequate and secure income over time.
"The primary reason for the downgrade is that poor pension investment portfolio returns have contributed to a huge increase in G.M.'s already large unfunded pension liability," an S.& P. credit analyst, Scott Sprinzen, said in a statement.
But Barber also pointed out the less positive aspect of people working beyond retirement: "Low wages and poor pension provision, particularly in the private sector, mean that many people simply cannot afford to retire at 65.
The study found that workers who left public service in cities with poor pension plans made more money in the private sector than their replacements made in their old jobs.
Indeed, given the very poor pension allowances provided by the State, retirement signals the end of topping-ups and informal remuneration, without which the health worker cannot survive.
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And on February 18th, as part of his $31.5 billion budget plan, Mr Rauner proposed savings of $6.7 billion in state spending on health care for the poor, pensions for public workers, local government and universities.
Paul Bates, of Help the Aged, says: "It would not be true to say that all these people are forced to work because of poor pensions but that might be a reason for some.
The villagers insistently asked about how the government in my country addresses problems such as medical care for the poor, pensions for the elderly, education for young children, relief for farmers in natural disasters.
Over half of workers over state pension age work for businesses with fewer than 25 employees (though this may also reflect poorer pension provision).Christopher Nieper, who owns David Nieper, a womenswear manufacturer based in Derbyshire, prizes his semi-retired workers, who can be employed at short notice and do not need to work full-time to survive.
It increases a so-called 'solidarity tax' and introduces a national pension of 384 euros a month after 20 years of work, phases out a benefit for poor pensioners and recalculates pensions.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com