The Labour Ministry presented, on June 1, 2007, a bill reforming the pensions' system. The text notably plans measures inciting employees to work beyond the legal retirement age. (Ref. 070524)
Incentives to extend activity. According to the bill presented by the secretary of state to the Labour Secretary, Marko Strovs, there will no longer have an obligation to work until the legal retirement age (61 for women and 63 for men), but employees who wish to leave early will be penalized. On the other hand, those who want to work beyond legal retirement age should beneficiate from an 0.3% overvalue for every extra month worked, with no length limit, as opposed to the system in effect, whic
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