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Wednesday 20.06.2018 | Name days: Rasa, Rasma, Maira
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Harmony Center assumes referendum on retirement age rise

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Baltic news, News from Latvia, BNN-NEWS.COM, BNN-NEWS.RU In case the parliamentary majority backs the retirement age rise, the opposition will address the President with a request not to promulgate the law.

“If at least one-third of the parliamentarians do not support the law, the President will have to halt the promulgation. If the parliamentary minority does not back some law, a national vote can be held if requested by one tenth of the electorate,” says Andrejs Klementjevs, Harmony Centre faction member.

“We object to an increase in the retirement age for several reasons. First, the Latvian life expectancy is too small. According to 2010 data, men live only up to 67 years on average, while women – 77 years. If the retirement age is raised to 65 years, many men will simply not make it. This will in turn hit taxes – what’s the point of paying them if you do not even get a pension?”

“Secondly, if the elderly are not able to retire, they will still need to make living somehow. However, pre-retirement age people can barely find a job. This is the main reason why many of them take the opportunity to go on early retirement. Many elderly people would be left without means of subsistence. It means that the state would have to pay unemployment benefits and grant them the status of a needy person.

The Welfare Ministry has already proposed amendments to the long-term stability of the social insurance system. They provide that the retirement climbs to 65 years from 2014.

Currently, the decision on increasing the retirement age is being considered at the governmental level, but the Saeima will take the final decision.

Ref: 102.105.105.1097


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