Sunday, 13 February 2011

Pensions

As we all know, pensions are there to protect us in old age. There are various types. People who never earn a lot of money will rely mainly on the state pension. This is of course not a lot. Other people will use a private or a pension provided by their employer. Let's be honest - we all want to retire as early as possible without loosing money. And being 60 years old, to do this is probably a good age. But what has happened in the last couple of years? Pension age has risen and risen. At the moment it is 65. But in countries like Germany it is already 67. Do we honestly believe it will stay at 65? No, rubbish. One day we will officially work until we are about 70 and just drop dead. Well, at least that's a comment I heard very often in the past few months. So, what is the solution. Yes, we do become older. But does someone really believe, people will be employed until they are 70? The age we can offically retire does not matter so much, if employers refuse to employ people above a certain age. And this is exactly the problem we have. Pension age is not the problem. The respect of the experience of older people and being willling to keep them in jobs is the big issue.

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