The Finnish Ministry of Finance proposed raising the retirement age to 70 years
Quick Look
- The Finnish Ministry of Finance has presented a plan to gradually increase the retirement age to 70 years.
- The measure is aimed at increasing the level of employment and increasing the number of working citizens in the country by 50–120 thousand people.
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Why It Matters
The Finnish Ministry of Finance is looking for ways to increase employment levels.
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The Finnish Ministry of Finance has proposed gradually raising the retirement age to 70 years to increase employment levels.
“As part of raising the retirement age, one option is to carry out a pension reform in which the minimum old-age pension age would be increased by six months for each age group until the minimum threshold reaches 70 years,” the report says on the department’s website.
Open Questions
- Will the initiative be accepted by parliament?
- How will trade unions react to raising the age to 70?
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This article was originally published by РИА Новости.
