Posted on 05/10/2014 12:20:06 PM PDT by Olog-hai
Chancellor Angela Merkel is defending plans to allow some Germans to retire on full pensions at 63 and insisting they won’t stop her advocating painful reforms in other countries.
Germany is raising the retirement age gradually to 67 from 65 but the government plans, at the insistence of Merkel’s new center-left coalition partners, to allow people who’ve paid into the pension system for 45 years to retire at 63 without taking a financial hit. …
(Excerpt) Read more at hosted.ap.org ...
“...people who’ve paid into the pension system for 45 years to retire at 63 without taking a financial hit....”
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That’s probably a good thing since it will include folks who have been working & contributing every year since age 18 but exclude those who stayed in school until age 30 on the taxpayers’ dime.
I thought it was a good idea too, actually rewarding good performance.
Contributing since age 18? How about since age 15 and many since age 14 when they entered a Apprentice ship to learn certain occupations. They still had to go to a occupational school until age 18, but only once a week.
“...How about since age 15 and many since age 14 when they entered a Apprentice ship to learn certain occupations....”
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Tru’ ‘dat. I was trying to contrast this group (as I believe was Merkel also) from the group of “late bloomers” still going to university up until their late 20s and early 30s and then complaining that they can’t get a job that meets their “standards”. Germany owes much of its current economic success to the first group and not so much to the second group.
Thanks for the clarification
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