He has all but ruled out raising the retirement age or cutting pensions to plug the gap in America's public pension system.

他拒绝提高退休年龄或者削减退休金来弥补美国公共退休金体系的缺口。

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That means coming clean about debts in the banking system and the regions and speeding up a plan to raise the pension age from 65 to 67.

这意味着必须清除银行系统及各地区债务，同时加快实施将养老金的发放范围65岁提高到67岁；

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Mercer suggested that, the situation of China could be improved by raising the statutory retirement age of the pension system.

美世咨询建议，中国可通过提高法定退休年龄来改进养老金体系。

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After all it was that arch-reactionary, Otto von Bismarck, who introduced the world's first welfare system, including the old-age pension, in Germany in the 1860s.

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When Bismarck introduced the world's first state pension system in 1889, he set the retirement age at 70, some 25 years beyond the average Prussian's life expectancy, so it did not cost much to run.

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He has all but ruled out raising the retirement age or cutting pensions to plug the gap in America's public pension system.

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