First, Labor Minister Celestino Corbacho wants to limit the possibilities of early retirement rather than delay retirement age. This is one of the major themes of the reform of the social security and pensions (the Toledo Pact), which he offered to negotiate with the social partners. (Ref. 080550)
The Minister of Labor, who requested to
speak before the Parliamentary committee which monitors the Toledo Pact, wants
to renegotiate an agreement on a new definition of the pension system with the social
partners. He highlighted the fact that, contrary to some of his European counterparts,
he is not yet willing to postpone retirement
age. His objective is that more employees remain active until legal retirement age.
He says he needs to “end the early retirement culture.” Even if the number of
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