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> The pension age in Germany is 65 years ("and 10 months", in my best Lester Freamon accent). In profligate Italy? 67. So yeah, let's have that. https://www.oe
by kgwgk 4y ago
> The pension age in Germany is 65 years ("and 10 months", in my best Lester Freamon accent). In profligate Italy? 67. So yeah, let's have that.
https://www.oecd.org/italy/PAG2021-ITA.pdf https://www.oecd.org/italy/PAG2021-ITA.pdf
"Many options to retire below the statutory retirement age result in low average labour market exit ages, at 61.8 years on average against 63.1 years for the OECD average. Granting relatively high benefits to relatively young retirees contributes to the second highest public pension expenditure among OECD countries, at 15.4% of GDP in 2019."
- toyg 4y agoMost of those historical benefits have been effectively precluded to anyone born in the '70s, the movement to close that gap has been steady over the last three decades of reforms and is supported by pretty much the entire political class. They even started cutting already-granted pensions, with retroactive moves that are on the border of legality. What I'm saying is that this particular element has already been normalized, and we'll seeit reflected in stats in less than a decade (when the '70s generations will be stopped from retiring in their mid-50s like their parents did).