Maltese workers might need to delay retirement to maintain living standards
Malta’s low pensions might lead today’s workers to have to remain in employment past their retirement age if they are to maintain the standard of living they became accustomed to, Jobsplus CEO Clyde Caruana has said. Caruana said that, given that pensions in Malta are only 1.2 times the poverty line, meaning that pensioners are not very far from the income level delineating poverty, workers might choose to continue working even when they reach an elderly age. Comparatively, Spain,...