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Sweden proposes the increase of retirement age to be raised to 69 years

Thursday, 21 February 2013
A new report based on what a new Swedish government investigative study has called on the Swedish retirement age to be increased by two years from 67 to 69.

This has meant that early retirement will be a distant memory, but good for those who want to work longer to those who promote the issue of working longer such as the Swedish government.

The proposal means that the state pension is paid only as from the age 63 years, not at 61 years as it is done today.

The study also examines increased link between retirement age and life expectancy where it is held that the reason for the increase in the retirement age is that Swedes are getting older. As such the study also propose that the age limits for when people retire will be more related to how long the average Swede lives.

According to the Swedish daily, Göteborgs-Posten, it is expected that the results from the investigation lead to gradual implementation.

Some observers and analysts are not surprised by the proposal. The general view is that this is not a major news. It was known that the investigator would put this kind of proposal - to have the right to keep working up to 69. It'll be interesting to see how employers react to that possibility.

It is also argued that raising the retirement age will be an issue for people who perform heavy duty jobs or people who have done lots of physical work. Studies have shown that people who have been doing heavy physical work need not to keep on working beyond 61.
by Scancomark.com Team


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