The Dutch government will increase the retirement age, provide more flexibility around retirement and suspend contribution holidays in a new deal with employer and employee unions.
The sweeping reforms will increase the pension age from 65 today to 66 in 2020 and 67 in 2025. Meanwhile, there will be more flexibility around when to retire with individuals being allowed to continue working past 65, with every year they continue to work resulting in an increase in pension of 6.5%.
Gert Kloosterboer, spokesman at the Dutch Association of Industry-Wide Pension Funds (VB) said: "We're rather pleased this agreement is here. I think it can help the system be more sustainable in the future. We think what's on the table offers solutions for people living longer and solutions for the shocks of the financial markets."
For more: Netherlands push through sweeping pension reforms
Showing posts with label Retirement Age. Show all posts
Showing posts with label Retirement Age. Show all posts
10/24/10
Like France, will US soon move to boost retirement age? - by Mark Trumbull
The issue that's provoking angry protests in France – proposals to raise the official retirement age – could come to the United States, too, and sooner than many Americans may expect.
In France, the furor involves government plans to boost the minimum age for retirement benefits from 60 to 62, and the age for full benefits from 65 to 67.
The move would essentially put France in sync with America's current eligibility rules for Social Security. And it has been met with a storm of protest. By some estimates, 3 million French citizens have participated in sometimes-violent demonstrations and strikes over a measure the parliament could approve this week.
For more: Like France, will US soon move to boost retirement age? - CSMonitor.com
In France, the furor involves government plans to boost the minimum age for retirement benefits from 60 to 62, and the age for full benefits from 65 to 67.
The move would essentially put France in sync with America's current eligibility rules for Social Security. And it has been met with a storm of protest. By some estimates, 3 million French citizens have participated in sometimes-violent demonstrations and strikes over a measure the parliament could approve this week.
For more: Like France, will US soon move to boost retirement age? - CSMonitor.com
10/21/10
France: Violent French Protests Don't Tell Whole Truth - by Elizabeth Palmer
The TV pictures of violent French protests against pension reform don't lie exactly - but they do distort the truth.
Most of the workers opposed to the reforms didn't throw rocks, block fuel depots or overturn vehicles. They marched peacefully, chanting the old slogans of the French Left - a movement which, with most of its members well into middle-age, has grown less radical and a lot more comfortable. In fact, the labor organizers of the Paris march on Tuesday were so anxious to avoid a confrontation that they made a deal with the authorities. At the first sign of violence, all the legitimate union members would disperse - leaving the police to arrest the troublemakers.
Of course, there have been pockets of violent protest - but the balaclava-wearing car-burners in the suburb of Nanterre aren't fighting pension reforms. Their anger has several strands: they don't like President Nicholas Sarkozy; they hate his government's center-right wing policies; and they're legitimately frustrated by high unemployment. Some are just bored.
For more: Violent French Protests Don't Tell Whole Truth - World Watch - CBS News
Most of the workers opposed to the reforms didn't throw rocks, block fuel depots or overturn vehicles. They marched peacefully, chanting the old slogans of the French Left - a movement which, with most of its members well into middle-age, has grown less radical and a lot more comfortable. In fact, the labor organizers of the Paris march on Tuesday were so anxious to avoid a confrontation that they made a deal with the authorities. At the first sign of violence, all the legitimate union members would disperse - leaving the police to arrest the troublemakers.
Of course, there have been pockets of violent protest - but the balaclava-wearing car-burners in the suburb of Nanterre aren't fighting pension reforms. Their anger has several strands: they don't like President Nicholas Sarkozy; they hate his government's center-right wing policies; and they're legitimately frustrated by high unemployment. Some are just bored.
For more: Violent French Protests Don't Tell Whole Truth - World Watch - CBS News
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