MADRID Despite protestations to the contrary last year, the Government has admitted that it is studying the possibility of extending the mandatory retirement age beyond 67. A document handed over to the Pacto de Toledo points to the fact that sustainability of the pensions system might be dependent on 'indexing' in a way other than today's measurement of the CPI (Consumer Price Index) figure for the month of November every year. A committee has until the end of this month to come up with a definition of the sustainability factor that could well mean that the retirement age is pushed back beyond 67, which at present is to be in place by 2027.
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