Tag #Retirement Age

Showing 1 to 12 of 46 results

elmundo.es

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Sep 22, 07:22

Germany Prioritizes Pension Reform Amidst Demographic Shift

Germany's Chancellor Merz is pushing for unpopular pension reforms to address the country's aging population and unsustainable welfare system, unlike Spain's approach of delaying necessary changes.

Germany Prioritizes Pension Reform Amidst Demographic Shift

Germany's Chancellor Merz is pushing for unpopular pension reforms to address the country's aging population and unsustainable welfare system, unlike Spain's approach of delaying necessary changes.

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What is the core issue driving Germany's pension reform, and what are the immediate consequences of inaction?

Germany faces a shrinking workforce and rising pension costs, with fewer contributors per retiree. Failure to reform risks depleting public funds and increasing the burden on future generations. The current system's cost increased 60% in 15 years, reaching €408 billion in 2024, with €116.3 billion not from social contributions.

dw.com

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Aug 1, 13:13

Germany's Aging Population Fuels Pension Reform Debate

German Economy Minister Reich proposes working longer to fix the pension system, sparking debate; the worker-to-pensioner ratio is 2:1, declining to necessitate reforms before 2025 when pension spending reaches €121 billion; the current retirement age is 65, slated to increase to 67 by 2031, while a...

Germany's Aging Population Fuels Pension Reform Debate

German Economy Minister Reich proposes working longer to fix the pension system, sparking debate; the worker-to-pensioner ratio is 2:1, declining to necessitate reforms before 2025 when pension spending reaches €121 billion; the current retirement age is 65, slated to increase to 67 by 2031, while a...

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How do differing perspectives on pension reform, specifically concerning the retirement age, reflect broader political and socioeconomic divides within Germany?

The current debate centers on raising the retirement age, a contentious issue due to its disparate impact on workers. While increasing the retirement age could alleviate the financial burden, it also risks reducing pensions for those unable to work longer due to health reasons. Alternative solutions include improving childcare to allow more parents to work full-time and increasing contributions from self-employed individuals.

zeit.de

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Jul 28, 04:10

German Parties Criticize Proposed Retirement Age Increase

German Green and Left parties criticized Economics Minister Katherine Reiche's proposal to raise the retirement age, accusing her of favoring employers over social welfare. They advocate for poverty-free retirement after 40 years of work and suggest incentivized flexible work arrangements, particula...

German Parties Criticize Proposed Retirement Age Increase

German Green and Left parties criticized Economics Minister Katherine Reiche's proposal to raise the retirement age, accusing her of favoring employers over social welfare. They advocate for poverty-free retirement after 40 years of work and suggest incentivized flexible work arrangements, particula...

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How will the proposed increase in Germany's retirement age impact the country's social welfare system and workforce?

The German Green and Left parties criticized Economics Minister Katherine Reiche's proposal to raise the retirement age, accusing her of siding with employers against social welfare. Left party leader Ines Schwerdtner stated that this benefits corporations and not the majority of citizens, advocating for a poverty-free retirement after 40 years of work. Green party deputy Andreas Audretsch highlighted the already increasing life expectancy and the difficulty of working until 67 for physically demanding jobs, suggesting incentivized flexible work arrangements and improved childcare to increase female workforce participation by 850,000 full-time equivalents.

faz.net

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Jul 27, 19:15

Germany's Stagnant Pension Reform: A Commission and Voluntary Extension Fall Short

Germany's coalition government faces criticism for its insufficient pension reform, proposing a commission and a tax-advantaged, voluntary extension of working life instead of structural changes, despite concerns about overstretched social systems and conflicting interests among employers, unions, a...

Germany's Stagnant Pension Reform: A Commission and Voluntary Extension Fall Short

Germany's coalition government faces criticism for its insufficient pension reform, proposing a commission and a tax-advantaged, voluntary extension of working life instead of structural changes, despite concerns about overstretched social systems and conflicting interests among employers, unions, a...

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How do conflicting interests between employers, unions, and the SPD influence the prospects for pension reform in Germany?

The German coalition's failure to enact meaningful pension reform reflects deep-seated disagreements and priorities. While a new commission is formed, past inaction suggests limited progress. The introduction of a voluntary, tax-advantaged extension of working life is a compromise, reflecting conflicting interests between employers who prefer early retirement and the SPD, representing worker interests.

hu.euronews.com

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Jul 13, 16:10

Europe's Rising Retirement Age: A Country-by-Country Analysis

Retirement ages are rising across Europe due to increasing life expectancies; Denmark will lead with a 74-year retirement age by 2060, while current EU averages are 64.7 years for men and 63.8 for women, with significant variations across countries and a gender gap.

Europe's Rising Retirement Age: A Country-by-Country Analysis

Retirement ages are rising across Europe due to increasing life expectancies; Denmark will lead with a 74-year retirement age by 2060, while current EU averages are 64.7 years for men and 63.8 for women, with significant variations across countries and a gender gap.

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Where will the retirement age increase the most, and what are the implications for different demographics?

By 2060, the projected retirement age disparity between men and women will almost disappear in most European countries. However, differences will persist in countries such as Poland, Hungary, Romania and Turkey. The most significant increase in retirement age will be in Turkey, with an increase of 13 years for men and 14 for women.

lexpress.fr

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Jun 10, 19:13

France Considers Raising Retirement Age to 66.5 Amidst Growing Deficit

France's retirement system faces a growing deficit, prompting the government to consider raising the retirement age to 66.5 years to match other European countries and address a ten-year delay in reforms, currently costing 14% of the nation's GDP.

France Considers Raising Retirement Age to 66.5 Amidst Growing Deficit

France's retirement system faces a growing deficit, prompting the government to consider raising the retirement age to 66.5 years to match other European countries and address a ten-year delay in reforms, currently costing 14% of the nation's GDP.

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What immediate actions is the French government considering to address the projected deficit in the nation's retirement system?

France's retirement system is facing a deficit, projected to continue until at least 2070. The government is considering raising the retirement age to 66.5 years to address this, mirroring actions taken by other European countries. This measure is intended to improve the financial stability of the retirement system.

elmundo.es

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Sep 21, 01:17

Germany to Reform Pension System in 2027 Amidst Rising Costs

Germany is undertaking a significant pension reform starting in 2027 to address rising costs and an aging population, involving measures such as adjusting retirement age and incentivizing later retirement.

Germany to Reform Pension System in 2027 Amidst Rising Costs

Germany is undertaking a significant pension reform starting in 2027 to address rising costs and an aging population, involving measures such as adjusting retirement age and incentivizing later retirement.

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What are the primary goals of Germany's planned pension reform, and what specific measures are being considered to achieve them?

The primary goal is to stabilize pension levels at 48% of average income until 2031. Measures include: tightening early retirement reductions, linking retirement age to life expectancy, indexing pensions to inflation rather than wages, and potentially penalizing social aid recipients who refuse work.

dw.com

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Jul 28, 13:17

Germany Debates Retirement Reform Based on Occupational Demands

German newspapers debate reforming retirement policies to account for varying occupational wear and tear, citing industry-specific aging differences and proposing alternative models like a points-based system, similar to France's, while highlighting political divisions within the CDU.

Germany Debates Retirement Reform Based on Occupational Demands

German newspapers debate reforming retirement policies to account for varying occupational wear and tear, citing industry-specific aging differences and proposing alternative models like a points-based system, similar to France's, while highlighting political divisions within the CDU.

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What are the main arguments for and against adjusting Germany's retirement age based on the type of work performed, and what are the immediate implications for the German welfare system?

Handelsblatt" highlights the need for a differentiated approach to retirement age, acknowledging that those in physically demanding jobs age faster than office workers. Numerous studies, including those by the Robert Koch Institute, confirm this disparity. A simple, industry-specific phased retirement may prove insufficient.

welt.de

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Jul 27, 13:13

Germany's Pension Crisis: Minister Urges Longer Working Lives

German Economy Minister Katherine Reiche advocates for extending working lives to address the unsustainable €100 billion yearly deficit in the pension system, fueled by increased life expectancy and a shrinking workforce-retiree ratio of 2:1 compared to 6:1 in 1957.

Germany's Pension Crisis: Minister Urges Longer Working Lives

German Economy Minister Katherine Reiche advocates for extending working lives to address the unsustainable €100 billion yearly deficit in the pension system, fueled by increased life expectancy and a shrinking workforce-retiree ratio of 2:1 compared to 6:1 in 1957.

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What immediate actions are needed to address Germany's unsustainable pension system, given its €100 billion annual shortfall and shrinking worker-to-retiree ratio?

German Economy Minister Katherine Reiche has urged Germans to work longer, citing an unsustainable increase in life expectancy and a shrinking ratio of workers to retirees. The current system faces a yearly shortfall exceeding €100 billion, requiring immediate reform to ensure long-term viability.

dw.com

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Jul 26, 19:12

German Minister Urges Longer Working Hours Amidst Pension System Concerns

German Economy Minister Katherine Reiche advocates for longer working hours in Germany due to demographic changes and rising life expectancy, citing unsustainable retirement models and low annual work hours compared to the US, while facing criticism from within her party and social organizations.

German Minister Urges Longer Working Hours Amidst Pension System Concerns

German Economy Minister Katherine Reiche advocates for longer working hours in Germany due to demographic changes and rising life expectancy, citing unsustainable retirement models and low annual work hours compared to the US, while facing criticism from within her party and social organizations.

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What are the immediate consequences of Germany's aging population and declining workforce participation on its social security system?

Germany must work longer and more", says German Economy Minister Katherine Reiche, citing demographic change and rising life expectancy as reasons for extending working lives. She highlights the unsustainable nature of the current two-thirds working, one-third retirement model, noting that many have long ignored demographic shifts. This is coupled with the fact that German workers average 1340 hours annually compared to 1800 in the US.

elpais.com

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Jul 3, 07:15

Spanish Pension Reforms to Delay Retirement for Younger Workers

Projected Spanish pension reforms will necessitate delayed retirement for younger workers; those with 30 years of contributions may retire at 71, while 40 years allows retirement at 65, due to lower youth employment rates and upcoming legislative changes.

Spanish Pension Reforms to Delay Retirement for Younger Workers

Projected Spanish pension reforms will necessitate delayed retirement for younger workers; those with 30 years of contributions may retire at 71, while 40 years allows retirement at 65, due to lower youth employment rates and upcoming legislative changes.

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What is the projected impact of Spanish pension system reforms on retirement ages for younger workers?

Spanish pension system reforms will require many workers to delay retirement to maintain their pre-retirement living standards. Those with only 30 years of contributions may need to work until 71, while those with 40 years can retire at 65.

dw.com

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Jun 5, 16:15

Denmark and Germany Confront Aging Populations and Pension System Strain

Denmark's parliament voted to gradually raise the retirement age to 70 by 2035, prompting discussions in Germany about similar reforms to address the increasing burden on younger generations supporting a growing retiree population.

Denmark and Germany Confront Aging Populations and Pension System Strain

Denmark's parliament voted to gradually raise the retirement age to 70 by 2035, prompting discussions in Germany about similar reforms to address the increasing burden on younger generations supporting a growing retiree population.

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How are European nations responding to the increasing strain on pension systems caused by aging populations and longer lifespans?

Denmark raised its retirement age to 70 for those born after 1970, gradually increasing from the current 67 by 2035. This follows a parliamentary vote of 81 to 21. Germany, facing similar challenges, is considering raising its retirement age to 70 to address the increasing burden on the younger generation supporting retirees.

Showing 1 to 12 of 46 results