According to a new OECD report, the government should encourage people to work longer and reform its pensions system in order to make it financially sustainable while preserving pensioners’ living standards. The low labour market participation of older workers is related to the pension eligibility conditions, which are among the least restrictive in the OECD, and the gap in the retirement age relative to other OECD countries is set to widen: the normal retirement age will remain at 62 years based on labour market entry at age 22, while it will increase for the OECD on average from about 64 years today to about 66 years for someone entering the labour market now.
Read on: in English.
For more information, please contact Paul de Beer or Oana Ciuca, De Burcht (Scientific Bureau for the Dutch Trade Union Movement) p.t.debeer@uva.nl or the Head of communications at the ETUI, Mehmet Koksal mkoksal@etui.org. For previous full issues of the Collective bargaining newsletter please visit https://www.etui.org/Newsletters/Collective-bargaining-newsletter or consult the archive with all articles in our database at www.cbnarchive.eu.
You may find further information on the ETUI at www.etui.org.