January 2023
30Jan

French PM says pension age hike ‘non-negotiable’ as strikes loom  

Demonstrators hold flares during a procession against a pension reform in Paris, on January 26, 2023. France’s prime minister on Sunday ruled out backtracking on a plan to raise the retirement age as unions prepared for another day of mass protests and strikes against the contested reform. An increase in the minimum retirement age to 64 from the current 62 is part of a flagship reform package pushed by President Emmanuel Macron to ensure the future financing of France’s pensions system. After...

January 30, 2023
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25Jan

Plans to raise retirement age in Lithuania

This month Lithuanian society is left shaken after spreading the news about the increasing of the retirement age. In Lithuania, the retirement age has increased every year since 2012 and by 2026 it will be 65 years. Previously, discussion surfaced on whether raising the retirement age to 72 would help offset Lithuania’s ageing population issues. As Lithuania’s demographic situation continues to worsen, the European Commission estimates that the number of working-age people capable of supporting pensioners will go down in...

January 25, 2023
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19Jan

Colombia. A fight is open to raise the retirement age in the pension reform

It is expected that this year the Government will present several of the reforms with which it is intended to carry out the road map of President Gustavo Petro. In addition to labor, health and justice, one of the ones that most generates expectations is the pension reform. In the last few hours, a discussion on the pension issue broke out again. This time due to the statements made by Minister José Antonio Ocampo to the regional media, in which...

January 19, 2023
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18Jan

Promoting an Age-Inclusive Workforce

All OECD economies are undergoing rapid population ageing, leading to more age diversity in workplaces than ever before as people are not only living longer but working longer. Greater diversity of experience, generations and skills gives employers an important opportunity to harness the talent that different age groups bring to the workplace and improve productivity and profitability. What can employers do to maximise the benefits of a multigenerational workforce? This report presents a business case for embracing greater age diversity...

January 18, 2023
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12Jan

Early retirement can accelerate cognitive decline among the elderly, research shows

Early retirement can accelerate cognitive decline among the elderly, according to research conducted by faculty at Binghamton University, State University of New York. Plamen Nikolov, assistant professor of economics, and Shahadath Hossain, a doctoral student in economics, both from Binghamton University, examined China's New Rural Pension Scheme (NRPS) and the Chinese Health and Retirement Longitudinal Survey (CHARLS) to determine how retirement plans affect cognitive performance among plan participants. CHARLS, a nationally representative survey of people ages 45 and above within...

January 12, 2023
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11Jan

France unveils plan to raise retirement age by two years to 64

France's government has proposed raising the legal retirement age from 62 to 64 by 2030 in a major reform to the pension system. PM Elisabeth Borne said the changes were necessary to prevent a major deficit in the system in the future. Reforming pensions was one of President Emmanuel Macron's main promises when he was first elected in 2017. But the details immediately triggered an angry response from the unions, with plans for strikes on 19 January. Ms Borne's handling of an explosive...

January 11, 2023
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09Jan

China. Authorities mull measures to address aging population

Moves may include the gradual raising of the national retirement age and changes to the ways senior care is funded. Li Lei reports. As officials wrapped up 12 months of work and planned for the future at closely watched meetings that marked the end of the year, issues involving older people came under the spotlight. Data published by the National Health Commission in October showed that 267 million people, or 18.9 percent of the population, were age 60 and older. That meant...

January 9, 2023
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06Jan

German Employers’ Associations call on government to act on pension reforms

The Confederation of German Employers’ Associations (BDA) is pressing the government to proceed swiftly towards reforming the country’s pension system this year, knocking down incentives to retire early. BDA president Rainer Dulger said that “2023 must be a year of action. Germany needs real and sustainable reforms. Now is the time to put the necessary reforms into practice, without any mental restrictions”. He also addressed labour market figures published on 3 January. According to the figures published by the federal employment...

January 6, 2023
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December 2022
30Dec

Turkey’s president abolishes the retirement age by decree

Turkey’s President Recep Tayyip Erdogan has announced the end of the retirement age requirement, which gives over 2 million Turks the possibility of immediately choosing to exercise the right to a pension, according to what was communicated in a press conference yesterday evening. Currently, the retirement age is 58 for women and 60 for men. «With the regulation that we agree with today, about 2.25 million more people will be entitled to retire. No age limit to be entitled to...

December 30, 2022
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23Dec

Gen Zers Look Forward to Early Retirement

What You Need to Know Results from a study show that members of Generation Z expect to retire early. The study also found that most Gen Zers have had or expect to have a successful career. Despite this, 44% of Gen Z respondents described their mental health as weak or very weak. Members of Generation Z, which includes the youngest adults in the U.S., have significantly improved their financial well-being and expect to retire before they reach 60, way ahead of their older...

December 23, 2022
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