An image made from Geo TV video shows flames at what is thought to be the compound where terror mastermind Osama bin Laden was killed.
An image made from Geo TV video shows flames at what is thought to be the compound where terror mastermind Osama bin Laden was killed.
An image made from Geo TV video shows flames at what is thought to be the compound where terror mastermind Osama bin Laden was killed.
An image made from Geo TV video shows flames at what is thought to be the compound where terror mastermind Osama bin Laden was killed.

Bin Laden died in house close to military academy


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ISLAMABAD // Osama bin Laden was holed up in a two-storey house about 100 metres from a Pakistani military academy when four helicopters carrying US anti-terror forces swooped in the early morning hours of Monday and killed him.

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Last Updated: May 2, 2010

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Flames rose Monday from the building that was the apparent target of the raid as it was confirmed that the world's most wanted fugitive died not in a cave, but in a town best known as a garrison for the Pakistani military. A US official said one of bin Laden's sons was also killed in the raid alone with three others, but the official did not name the son or the others killed.

Pakistani officials and a witness said bin Laden's guards opened fire from the roof of the building, and one of the choppers crashed. The sound of at least two explosions rocked the small northwestern town of Abbottabad where the al Qa'eda chief made his last stand. The US said no Americans were harmed in the raid.

Abbottabad is home to at least one regiment of the Pakistani army, is dotted with military buildings and home to thousands of army personnel. Surrounded by hills and with mountains in the distance, it is less than half a day's drive from the border region with Afghanistan, where most intelligence assessments believed bin Laden was holed up.

The news he was killed in an army town in Pakistan will raise more pointed questions of how he managed to evade capture and whether Pakistan's military and intelligence leadership knew of his whereabouts and sheltered him. Critics have long accused elements of Pakistan's security establishment of protecting bin Laden, though Islamabad has always denied this.

Abbotabad resident Mohammad Haroon Rasheed said the raid happened about 1:15am local time.

"I heard a thundering sound, followed by heavy firing. Then firing suddenly stopped. Then more thundering, then a big blast," he said. "In the morning when we went out to see what happened, some helicopter wreckage was lying in an open field."

He said the house was 100 metres (yards) away from the gate of the academy.

A Pakistani official in the town said fighters on the roof opened fire on the choppers as they came close to the building with rocket propelled grenades. Another official said four helicopters took off from the Ghazi air base in northwest Pakistan.

Last summer, the US army was based in Ghazi to help out in the aftermath of the floods.

Women and children were taken into custody during the raid, he said.

Both officials spoke on condition of anonymity because of the sensitivity of the information.

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The Melbourne Mercer Global Pension Index

The Melbourne Mercer Global Pension Index

Mazen Abukhater, principal and actuary at global consultancy Mercer, Middle East, says the company’s Melbourne Mercer Global Pension Index - which benchmarks 34 pension schemes across the globe to assess their adequacy, sustainability and integrity - included Saudi Arabia for the first time this year to offer a glimpse into the region.

The index highlighted fundamental issues for all 34 countries, such as a rapid ageing population and a low growth / low interest environment putting pressure on expected returns. It also highlighted the increasing popularity around the world of defined contribution schemes.

“Average life expectancy has been increasing by about three years every 10 years. Someone born in 1947 is expected to live until 85 whereas someone born in 2007 is expected to live to 103,” Mr Abukhater told the Mena Pensions Conference.

“Are our systems equipped to handle these kind of life expectancies in the future? If so many people retire at 60, they are going to be in retirement for 43 years – so we need to adapt our retirement age to our changing life expectancy.”

Saudi Arabia came in the middle of Mercer’s ranking with a score of 58.9. The report said the country's index could be raised by improving the minimum level of support for the poorest aged individuals and increasing the labour force participation rate at older ages as life expectancies rise.

Mr Abukhater said the challenges of an ageing population, increased life expectancy and some individuals relying solely on their government for financial support in their retirement years will put the system under strain.

“To relieve that pressure, governments need to consider whether it is time to switch to a defined contribution scheme so that individuals can supplement their own future with the help of government support,” he said.

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