People in Europe are now living longer, according to statistical data 4-5 years more than in 1971. And it is prognosticated that we will live even longer – in 2050 3 years longer than now. That is the reason why retirement age should be risen -it should be 70 years in 2040.
According to ‘The Economist’ the idea about living longer and going to retire in the same age is good, but there also is some sad fact that with this model there will be a lack of working people. There is need to take into account that birth rates are declining. In this situation, there is tension, as pensions are paid from the money that employees pay in taxes. So, if demographic reasons, will reduce the number of workers, it also reduces the amount of money that is intended to pay pensions. By contrast, the retirement age increases can be achieved in the balance: those who do not fall over the category of pensioners will be able to move on to the categories of workers. In 2050 in Germany there will be only 1,6 worker to a pensioner and in Italy – 1,5. ASV, where are 2,6 workers to a pensioner, is willing to increase retirement age to 67 years. Europe has bigger problem in this field so idea is about increasing retirement age to 70 years.
Experts see a double positive benefits of human life extension work, namely, higher quality of life and sustainable pensions.