Whereas retirement age has recently moved to 67 years old and subventions for part time retirement should disappear by the end of 2009, the metallurgy and electro technical employers federation have just presented a system of lifelong leave banks to retire early. (Ref. 070268)
Adopting retirement at 67 should contribute to an important boost of lifelong time off banks Lebensarbeitszeitkonten) in German companies. On March 20, 2007, the Gesamtmetall and Allianz Versicherung (the insurance branch) presented a pattern of “lifelong leave banks” which will be offered to the 6,000 companies belonging to the federation. These employ around 2 million employees. According to the presented pattern, a thirty-year old employee contributing as high as 100 euros a month all life l
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