Latvia - OECD recommends increase of minimum pension - March 31, 2018

The Organisation for Economic Co-operation and Development (OECD) urges the government to raise minimum pension in order to alleviate poverty amongst elderly people. Latvia’s old-age poverty rate is the second-highest in the OECD, after South Korea: more than 25% of people aged 65 and older have an income below the relative poverty line. The pension system is designed to automatically adapt to demographic trends and because the working population is shrinking fast this also reduces the pension benefits.

Read on: in English …

For more information, please contact the editor Jan Cremers or Sanne van der Gaag, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the Head of communications at the ETUI, Willy De Backer wdebacker@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter or consult the archive with all articles in our database at www.cbnarchive.euYou may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.

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