A naukri.com initiative
Guardian
6h
76
Image Credit: Guardian
‘Ludicrous and unfair’: older workers react to pressure to delay retirement
- As French workers protest Macron's plan to raise state pension age, the IMF suggests older workers should delay retirement to balance public finances amid aging population pressures.
- The IMF cited improved cognitive function and physical health of older individuals, advocating for delayed retirement and reduced early retirement benefits to address fiscal challenges.
- Response to the proposal was divided, with many expressing outrage at the idea of working later in life, especially for those in physically demanding or low-paid jobs.
- Critics argued that older workers have already contributed to the system and should not bear the burden of economic challenges alone, calling for government reconsideration of financial allocations.
- Suggestions included limiting immigration, reducing support for asylum seekers, and cutting benefits for non-working younger individuals before impacting retirement age.
- Concerns were raised about the impact of extended working years on social care and childcare responsibilities, pointing out the strain on older individuals serving as unpaid caregivers.
- Ageism in the job market was highlighted as a barrier to older workers wanting to prolong their careers, with discrimination seen as a significant obstacle in implementing retirement delay policies.
- Some individuals embraced the idea of working longer for personal, financial, and societal reasons, noting the benefits of staying active and engaged in work later in life.
- Amid varying perspectives on retirement age, the affordability of retirement was questioned due to increasing living costs, prompting individuals to reconsider traditional notions of retirement.
- Examples were shared of individuals who continued to work past traditional retirement ages, citing personal satisfaction, financial need, and a desire to remain engaged as reasons for their choice.
Read Full Article
4 Likes
For uninterrupted reading, download the app