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In many countries, the retirement age and the age at which people rest is similar. But there are exceptions. According to the Organization for Economic Cooperation and Development, in Japan and Korea, men often work until they are 70, despite the fact that they could retire at 60.
Turks are likely to enjoy a pension, as women retire at age 48 and men at age 51.
In many European countries: Denmark, Iceland, Ireland, Portugal and Switzerland, Austria, Belgium, France, Hungary, Luxembourg and Slovakia, the retirement age ranges from 60 to 65 years. In these countries, women generally retire one or two years earlier than men.
The largest difference between men and women of retirement age is found in Austria and Israel, where men and women are separated by 5 to 5 years.
In neighboring Poland, the difference between men and women is 4.2 years. And in Lithuania, men and women are separated by one year. Men retire at 64 and women at 63. And the retirement ages for men and women do not differ in India, Indonesia, Saudi Arabia, and South Africa.
In many countries, early retirement is available. However, there is a difference in the age at which this can be done. For example, in Australia, France and Sweden, early retirement is possible at the age of 55. In Slovakia, 2 years before retirement age.
This limit in most countries varies from 2 to 5 years than the normal retirement age. However, there are countries that do not have the option of early retirement. This cannot be done in Austria, Hungary, the United Kingdom and Turkey.
Pension in Lithuania
The tv3.lt portal reminds that currently in Lithuania it is possible to retire 5 years before the usual retirement age. However, early retirement significantly affects its size. However, major changes in this order are expected soon.
If you have worked for a fairly long period of time throughout your career and have accumulated enough service time, you can retire early five or fewer years before retirement age (now 64 for men and 63 for women).
This early retirement pension is calculated in a similar way to a simple old-age pension. For each month remaining until retirement age, it is reduced by 0.4%. For example, if a person cannot find a job and has no other income, decides to retire three years earlier, their amount will be reduced by 14.4 percent. (36 months x 0.4 percent).
Therefore, instead of receiving, for example, an average old-age pension of 400 euros, you would have to settle for a pre-retirement pension of 342.4 euros before your death.
Recently, the Seimas Social Affairs and Labor Commission decided that the bills should be prepared within a month, according to which early retirement would not be maintained in the long term, but would be replaced by a special unemployment insurance benefit.
The committee reconsidered an amendment tabled by Algimantas Dumbrava, Member of Parliament. The essence of this proposal is not to reduce the pension if a person is 40 years old. and longer duration of service and received an early retirement pension for a maximum of 3 years. The bottom line is that people who have the required 40m. Years of service after receiving a retirement pension could receive an accumulated pension instead of a cut-off pension.
In committee, Mr. Dumbrava agreed with the improvement proposed by the Government. It would gradually extend the length of service to 40 years, as is now the case with a single pension (up to 35 years each year).
“Yes, these are people who retire early, leave the job market, and in that case, with the help of early retirement, it seems like we’re addressing their unemployment.” People of early retirement age have a harder time getting a job. And there aren’t many of those people.
In this case, people who really make a significant contribution to the social security system are not talking about those who have not worked, but who have paid their taxes honestly for a long time, “said Deputy Minister of Social Security and Labor, Eglė Radišauskienė , on the committee.
According to her, to benefit from such a favorable early retirement plan, a person must work for life from the age of 17. There are not many of those people. Similarly, early retirement is said to be provided in some other EU countries.
In the debate, however, committee members began to question this proposal, which did not address the issue of early retirement and low pensions in general.
According to Seimas member Tomas Tomilinas, instead of granting a lower early retirement pension, a special unemployment benefit can be granted to an elderly person who is not employed. Especially since June, unemployed people over 45 can receive this benefit for half a year.
Algirdas Sysas criticized the idea of changing the early retirement scheme completely.
“When we talk about such things, one should not speculate on empathy and sensitivity. We play with the sensitivity of a small group of people in their relationship with a large one. 600 thousand retirees worked honestly, paid contributions to the common boiler, and someone for various reasons did not. “
Sys recalled that early retirement arose when Russia imposed an embargo on Lithuanian producers. Then many older people lost their jobs, protests began. Therefore, it is accepted that early retirement is available, but it will be less than usual.
“Once we have adopted the amendment, we will open Pandora’s box. After all, should we decide whether to make up for the losses of those who have retired before? Why should the situation of several hundred people at the expense of others be improved? ? ”Asked the MP rhetorically.
Later he added his support for the idea of paying a special unemployment benefit instead of an early retirement pension. Committee members agreed that the economic crisis caused by the coronavirus could increase unemployment among older people and that their low incomes will continue to be a problem.
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