To guarantee pensions, people need to retire later, business federation says

Wednesday, 16 May 2018 15:35
To guarantee pensions, people need to retire later, business federation says © Belga
To safeguard pensions, careers need to be longer and the employment rate higher, the Federation of Enterprises in Belgium, FEB, has said in reaction to a demonstration by unions in favour of pensions.
“In addition to a general pension reform, it’s clear that career lengths and employments rate need to increase,” the FEB said in a “pamphlet for pensions” disseminated on social media. “The logic behind this observation is simple: we are studying and living longer. Retiring from work at 60 is unsustainable. Studying longer, living longer and ending one’s career earlier while demanding higher pensions is impossible.”

“Expenditure on pensions (46 billion euros) represents a fifth of all primary expenditure (201 billion) and will increase if there is no policy change,” the business federation added.

Maria Novak
The Brussels Times
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