Germany enacted Friday a hike in its retirement age from 65 to 67, with the Bundesrat upper house putting its seal on the legislation which aims to head off a crisis in ageing German society.
With Germans living longer, there are no longer enough active workers in the workforce to fund pensions for the older generation, so the line between the two groups is be gradually moved between 2012 and 2029.
Labour groups have campaigned against the change, accusing the government of robbing workers and plunging unemployable people in their 60s into poverty, because they must wait longer for pensions.
Chancellor Angela Merkel’s government has left in place provisions that will allow workers to opt for a lower rate of pension till they die if they retire early. Her Christian Democrat and Social Democrat supporters earlier voted the bill through the Bundestag lower house.
The upper house also accepted Friday “Initiative 50 Plus”, a programme of government subsidies for employers who grant jobs to the 50-67 age group. Employers usually prefer younger over older people.
The gradual change in the retirement age means people born in 1947 will wait till the age of 65 years and 1 month to retire. This will increase with each annual contingent of new pensioners. Those born in 1964 will have to work till 67 to qualify for a full public pension.
Meanwhile, in Italy, trade unions and hard leftists are pressing the Prodi government in order not only not to raise retirement age, but actually to lower it below 60. Evidently, in Italy life expectation is shrinking. Or, more likely, someone is trying to steal young people’s future, making pension expenditure ballooning. It’s a typical leftist feature: tax and spend.
__________________________
- Questo è un Open Trackback. Se avete un post che volete segnalare, durante tutto il fine settimana potrete fare un trackback a questo post (l’indirizzo da pingare è questo). E’ obbligatorio che nel post segnalato sia presente un link a questo post. Le segnalazioni verranno linkate in fondo a questo post, insieme al titolo e al nome del blog. Se la vostra piattaforma di blog non permette l’utilizzo del trackback, è possibile usare Simpletrack di Adam Kalsey o Wizbang Standalone Trackback Pinger.
- This is an Open Trackback post. During the weekend, you can submit your posts to this site. The Open Trackback article URL is this. The reciprocal ping URL is this. You can also use Linkfests. Enjoy and have a great weekend!
Trackposted to Outside the Beltway, The Virtuous Republic, Blog @ MoreWhat.com, Perri Nelson’s Website, A Blog For All, The Random Yak, Adam’s Blog, basil’s blog, Shadowscope, Stuck On Stupid, The Amboy Times, Cao’s Blog, The Bullwinkle Blog, Leaning Straight Up, Conservative Cat, Conservative Thoughts, Diary of the Mad Pigeon, Rightlinx, third world county, The Crazy Rants of Samantha Burns, stikNstein… has no mercy, The World According to Carl, The Right Nation, Pirate’s Cove, The Pink Flamingo, Dumb Ox Daily News, High Desert Wanderer, Right Voices, Blue Star Chronicles, Right Pundits, Allie Is Wired, Right Celebrity, 123beta, and Pursuing Holiness
Trackback from:
- Woman Honor Thyself – Intercept the Bomb OpenTrackback Weekend;
- Giowind – Talebani?;
- Planck’s Constant – The US should Attack Mexico;
- Dumb Ox Daily News – Travolta on Global Warming???;
- A Blog for All – More Agitprop Released By Iran;
- Blue Star Chronicles – Alas, the Sun Has Set on the British Empire;
- The Pink Flamingo – FRI MAR 30 Red Fridays v. Those Adorable Little Lyin’ Democrats!;
- Stuck On Stupid – Weekend Linkfest For March 30-April 1, 2007;
- Right Pundits – MC Rove (Karl Rove Rap Video);
- Right Celebrity – Good Reads around the Blogosphere;
- Pirate’s Cove – Suspected Mastermind of USS Cole Bombing Claims Torture;
- Mark My Words – I’ve been censored?;
- stikNstein….has no mercy – John Edwards needs your help….please help send this kid to camp;
- Pursuing Holiness – An Inconvenient Truth is a Remake;
- Blog @Morewhat.com – Iran vs Britain?;
- Pursuing Holiness – Iraq The Model “Terrorized” By American Soldiers;
- walls of the city – so falls a titan;
- Conservative Cat – Pet Food Problem Starts to Spread;
- Right Voices – Pelosi Refuses To Support The Brits Because She Is So Excited About Her Spring Break In Syria;
- Blue Star Chronicles – Rosie O’Donnell is now an Expert on…well…Everything;
- Adam’s Blog – Truth and Hope Report: Weekend Review Podcast;
- Blog @Morewhat.com – Religious Bias?;
- A Blog for All – Pet Food Recall Crisis Deepens;
- Right Voices – The Democrats Can’t Govern, So They Start A Domestic Political War Which They Can’t Win;
- Woman Honor Thyself – Beauty SkiN Deep?;
- Woman Honor Thyself – I Am John Doe;
- Mark My Words – I’m destroying Democracy;
- Nessun articolo correlato
{ 28 trackbacks }
Comments on this entry are closed.