retirement age

The Grattan Institute and the Productivity Commission both released reports on November 22 into the affect an ageing population will have on Australia’s economy. The Grattan Institute proposed that the pension age should be raised to 70, owner-occupiers should not be exempted from the Age Pension asset tests — meaning people could be forced to sell their home when they retire — and GST should be applied to fresh food. The Productivity Commission suggests access to the Age Pension and retirement should be linked to life expectancy — to continue rising as people live longer.
On December 10, surrounded by union leaders and foreign dignitaries, President Evo Morales announced Bolivia’s new pension law at the headquarters of the Bolivian Workers Central (COB), the country’s militant national trade union federation. The unprecedented and highly symbolic event was the result of a four-year negotiating process, during which the COB agreed to suspend its mobilisation for higher wages in exchange for comprehensive pension reform.
President Nicolas Sarkozy enacted a new law on November 10 that increases the retirement age of French workers. The move came just days after more than a million workers and students mobilised across France against the law. The November 6 protests were the eighth national strike and protests since September 7 against the bill — although it was the easily the smallest of the mobilisations.
The political situation in France is dominated by the struggle against the proposed reform of the pension system to raise the age of retirement, among other things. This reform is at the heart of French President Nicolas Sarkozy’s austerity policy. Although presented as a demographic necessity, it is increasingly opposed by the public. The struggle has been growing since the start of the mobilisations in May and the first day of action in June. Since the beginning of September, three days of strikes and demonstrations have brought out about 3 million people on each occasion.
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