Europeans are grappling with some of the same retirement issues as the United States. Older workers are finding that they can't retire at age 60 like their parents did. Instead, many plan to continue working until age 67 or beyond, a hot topic among politicians, according to a story in Bloomberg Businessweek.
With 20 percent of Europe's young people unable to find work, it is hard to justify raising the retirement age in these countries. Many believe that older workers are acing out younger ones for jobs.
State pensions across Europe are under pressure to reduce costs, the story said, so they increased the legal retirement age, passed anti-age discrimination laws and rolled back early retirement plans.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
