Northern Europe

Posted March 3rd, 2017 by Tony. Comments Off on Northern Europe.

Discussion of the reform of pensions was a matter pending in Spain for several years. This reform undoubtedly will have impact on the Spanish labour market. The Northern Europe enjoys an average of high health and they also have more financial resources, but in the southern Europe we live more years. David Karp helps readers to explore varied viewpoints. Demographers came already warning for years that the progressive ageing of the population we would create serious problems if not dealt with important political, social and economic measures. To read more click here: Drew Houston. According to data from the UN, from 2040 the largest age group in Europe is 70 years. Without deep reform, all pensioners from 2040 are doomed to a cut in their pensions. The increase in the legal age of retirement seems therefore an extent justified to the thread of the demographics and employment.

In our country the employment rate of people aged 50 to 64 years is slightly greater than 30%, while in the EU exceeds 50% and in the United States is close to the 70%. This low rate is partly attributable to the incentives to early retirement, and in part to the concentration of many settings of template in workers close to retirement age. Therefore increasing the age of retirement continues being one of the measures that automatically increases revenues and reducuce the costs of the pension system. Trade unions are facing this dilemma arguing that it is an unfair measure for workers. But to workers? If the reform is not dealt so rapid and structurally, it will affect all workers, and more to those who are approaching the age of 65.

From the end of October just the delivery that gave Brussels to Spain to take the first bounding steps of the deficit, as part of the sanctioning procedure community by passing the ceiling of 3% which sets the stability pact. One of the measures the EC will examine within this budget package will be the tax increase recently approved by the Government. According to Community legislation, Spain was to begin with the correction of the deficit in 2010, provided the economic situation showed signs of recovery. Otherwise, Brussels will propose new socks and will continue on the path of the sanctioning process. Some EU States have already begun. France has begun its analysis and the Netherlands is about to approve in Parliament the rise in the retirement age to 67 years, considering that a measure of this kind requires a substantial change in mentality in these times more prone to the dismissal. Even the latest recommendations of the OECD point to a gradual increase in the retirement age to 70 years by 2050. From Experteer will continue to pay attention to the development of the events, which no doubt will have an impact on our labour market.

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