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Daily news from the Canaries and the islands
   Daily news from the Canaries and the islands' biggest English language newspaper on-line

Union anger
Retirement age proposal
Plans by the Spanish govern­ment to raise the retirement age by two years will be “opposed to the death” say the country’s main unions.


People will have to work longer to qualify for a state pension
People will have to work longer to qualify for a state pension

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Dive and Sea Tenerife SLU
Tenerife
Watersport
14.02.2010 - The controversial measure was an­nounced by prime minister José Luis Rodríguez Zapatero recently and will affect all people born after 1959, who will not be entitled to a full pension unless they remain in work until 67.  It is a move which mirrors actions by other European countries including Germany and the UK given the drain on the social security system with an increasing number of retirees living longer.

According to Zapatero, the measure is needed as a long-term safeguard for the country’s pension system, which experts have repeatedly warned is close to financial ruin and will be unable to support future retirees in its current format.  Despite the arguments in favour, Zapatero can expect a rough passage through Parliament when the Bill comes up for approval.  Several small parties, who see the extended working life as a barrier to job oppor­tunities for young people, have already said they will refuse to back the plans, although the government is confident it can negotiate a deal in the coming weeks.  Indications have already been given that the pension age limit could be varied according to the type of work carried out by individuals during their working lives.



This article appears in the print edition 610 of Island Connections



Gallery: Retirement age proposal
People will have to work longer to qualify for a state pension 
 1 picture found: Go to gallery
 
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