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Pension funds should not count themselves rich as a consequence of the recent unexpected slowdown of life expectancy improvements according to a renowned American demographer.James Vaupel, founder of the Max Planck Institute for Demographic Research, said there was no reason to assume that the upward trend of the past 150 years would end soon.Since 1840, life expectancy had increased by 2.5 years per decade on average, but recent prognoses suggested a slowdown or even a ‘plateau’. Speaking at the Cass Business School’s annual longevity conference in Amsterdam last week, Vaupel rejected the suggestion that there was a limit to human longevity. He pointed out that the slowdown relative to the prognoses had only been observed in a limited number of countries. James VaupelCredit: Bengt Oberger Vaupel argued that extrapolation was a better way of predicting life expectancy than actuarial forecasts.He highlighted longevity-boosting developments such as potential treatments for cancer and ageing, as well as the rejuvenation of skin and organs.“For an assessment of the future, you could take into account the predictions of experts who often turn out to be wrong, or look at risk factors or causes of death,” he said.“But time and again, the only useful predictor appears to be extrapolation of historic data.”Vaupel claimed it was more likely that life expectancy would increase spectacularly than that it was to stabilise.He noted that increased longevity had coincided with a strong concentration of mortality, as more people died around their predicted life expectancy.Vaupel said: “In the past, people had a fair chance of dying during the course of their life, but nowadays the odds of dying in your 70s or 80s in developed countries are very low, and most people die around the same age.“Japan, where women die massively around 90, is a clear example.”Healthier for longerThe demographer contended that people were able to keep on working for longer to keep pensions affordable, “as they also stay healthier for longer”.“The health and life expectancy of a 65-year old now are the same as for a 55-year olds in 1970,” he added.Vaupel, who is 73, put the relative increase of unhealthy years in the last stage of life into perspective by arguing that, with heart problems and high cholesterol, he was ill by definition.“But thanks to my pacemaker and the right medication, I am able to do my job very well,” he saidWhile some experts have predicted an increase in dementia cases, Vaupel played down the concerns, “as in my calculations, which have also been confirmed by other studies elsewhere, future generations will develop the illness later in their life”.Vaupel voiced support for the Netherlands’ decision to set the number of years in retirement at 18.26 years, and to raise the retirement age for the state pension in line with life expectancy improvements.However, he acknowledged that the duration of retirement was up for discussion: “In Denmark it is 14.5 years. What is that based on?”Vaupel said he was worried about the longevity gap between low and high educated workers, which he observed as widening and difficult to solve.“But if it is pretty certain that somebody is living a shorter life, the level of the pension could be adjusted,” he suggested.As an example, he indicated that some insurers offered people with an “impaired life” higher payments through their annuities. The argument that the age of the oldest living human had not risen for a while “was simply not true from a long term perspective”, he added.
Chief Executive Officer of Dreams FC, Kurt E.S Okraku has been sworn in as the new president of the Ghana Football Association.Kurt now fills the vacant GFA Presidential seat previously occupied by Kwesi Nyantakyi who left office in 2018 after he was implicated in the corruption exposé in Ghana football by investigative journalist, Anas Aremeyaw Anas.Okraku led the elections from the very first to the last round. In the first round he had 44 votes.He polled 59 votes in the second round needing just one vote to win the elections.George Afriyie, who polled 40 votes in the first round improved to 43 votes but was still well behind Kurt Okraku.Nana Yaw Amponsah saw his votes tally slashed from 27 in the first round to 16 in the second.However, as delegates were voting in the third round, George Afriyie conceded, saying he was “a unifier and a team player who works for football.”In the third round, Okraku was endorsed by 93 delegates.Kurt Okraku thus becomes the 7th GFA President since 1992 and the 24th in the Association’s history.Kurt Okraku will now serve a maximum of two four-year terms in office following the adoption of the new statutes of the GFA at September’s Extraordinary CongressThe new statutes were approved with an almost unanimous endorsement from the delegates.The newly elected Executive Council members were also sworn into office with the new president of the Ghana Football Association.
Brothers in arms: Former St Eunan’s star Ciaran Greene gets a ‘selfie’ with Chelsea captain John Terry.Former St Eunan’s star Ciaran Greene admitted he was star struck when he bumped into Chelsea captain John Terry whilst shopping in London.Greene is well known in GAA circles in Donegal from representing St Eunan’s and Donegal.Greene was also a talented soccer player and had spells in the League Of Ireland with Sligo Rovers and Finn Harps. Greene won four Donegal SFC titles with St Eunan’s, but was forced to emigrate to England in search of employment last year.Greene who now resides in London, helped his adopted GAA team North London Shamrocks to win the Intermediate Championship earlier this month.They now play in the British semi-final this weekend, and if they manage to go all the way and win the British Championship, there reward is a clash with the winners of the Connacht Intermediate Championship.Greene admitted he’s a big fan of Terry and regards him as one of the best defenders to ever play in the Premier League. So when he spotted him today, he took the opportunity to get his photo taken with him and have a chat with the controversial former England skipper.Greene said, “Big JT is a top guy, and he’s actually a big GAA fan since its introduction on Sky.“He wasn’t aware of our British semi-final this week, as I asked him did he follow the progress of the North London Shamrocks GAA team?“He said he didn’t, but did admit he’d love to play a bit of GAA someday since watching it on Sky.“He’s not too sure of the rules, but maybe when he hangs up the boots at Chelsea, we might tempt him to turn out for us. “He’d do a job somewhere on the pitch, but he’d have to cut out that crying that’s he fond off doing, there’s no place for that in the GAA.We wish Greene and his colleagues all the best ahead of their British semi-final this weekend.FORMER ST EUNAN’S STAR GETS A ‘SELFIE’ TAKEN WITH CHELSEA CAPTAIN was last modified: October 23rd, 2014 by Mark ForkerShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:Ciaran GreeneFeaturesGAAJohn TerrynewsSelfieSportSt Eunans