Retirement

The door to retirement before the age of 62 remains open for thousands of workers both in the public and private sectors, provided they met the special conditions envisaged in the previous years.

The reduction in births and the doubling of the elderly is a -potentially- demographic time-bomb that puts the future of the insurance system and the possibility of providing guaranteed -in terms of amount and continuity- pensions in doubt .

Turkish Defense Ministry sources have refuted media reports that five generals requested retirement, saying that the demands of the two generals who requested retirement due to health and family reasons were accepted, the state-run Anadolu Agency has reported.

The share of people over the age of 65 in Japan reached a record 29.1 percent of the total population, according to official data released today.

The figure has been gradually increasing since the end of World War II. In 1950, for example, the elderly were 4.9 percent of the population, in 1985 - 10 percent, and in 2005 - over 20 percent, recalls TASS.

Spain will pay workers to postpone retirement as part of a pensions reform strategy that analysts warn does not go far enough to cut a huge deficit in the system.

Romania had an average number of 5.099 million retirees as of March 31, 2021, by 24,000 less compared to the previous quarter, and the average monthly pension was 1,650 lei, up 0.9 percent, the National Institute of Statistics (INS) reports on Monday. There was an average of 4.665 million retirees of the public social security system, down by 14,000 compared to the previous quarter.

Deputy Prime Minister and USR PLUS Co-chairman Dan Barna said that a new pension law is in the works at the Labor Ministry, as the system requires certain changes in order to remain "sustainable" and cope with enhanced pressure as Romania's baby-boom generation born between the mid-60s and the early '70s is heading towards retirement age. "It is a firm commitment of the current coalition.

Ljubljana – The provision allowing employers to unilaterally terminate workers once they have met formal conditions for retirement, passed within the latest stimulus package in parliament on Tuesday, continues to raise dust as trade unions label it inadmissible and clear abuse of crisis legislation. Employer representatives are meanwhile welcoming it.

Ljubljana – The Medical Chamber has warned about ramifications of the provision in the seventh stimulus bill that allows retirement of workers without a justified reason immediately after they meet the conditions for old-age pension. The chamber says that any such outflow of doctors and dentists would further jeopardise access to healthcare.

Next year will see the closing of loopholes opened in the summer of 2015 and leading to the retirement of many workers on more favorable terms, before reaching the general retirement age of 67.