Finnish premier expects retirement age to increase by 2015

first_imgKatainen expects the retirement age to go up by two years from 2017 but noted the finer details of the reform will be known by autumn next year. “Rather than focusing on the additional years in working life, it is more important to tie retirement age to life expectancy. As we live longer now, it is common sense also to work longer,” he added.Finns currently retire at 60.9 years on average, although the official retirement age for a national pension is 65 years and between 63 and 68 for an earnings-related pension. The life expectancy of a 60-year-old Finn is forecast to increase by five years over the coming forty years, according to the Finnish Centre for Pensions (ETK).Jukka Rantala, managing director of ETK, agreed that the most pressing reason for an increase in retirement age is the strong growth in life expectancy.“It is possible to guarantee a sufficient level of pensions only if years in working life increase hand-in-hand with life expectancy. The retirement age should depend on the birth year of the employee. The increase should not be too great in the first instance and the starting point for the reform should be known by citizens well in advance,” Rantala told IPE.There is consensus that labour market organisations will present pension reform proposals by autumn 2014. Parliament will receive a list of the necessary legislative changes after the general election of April 2015, and the reform will come into force by 2017. The retirement age in Finland is likely to increase by two years from 2015, Prime Minister Jyrki Katainen said last week. Speaking on the current affairs television programme A-Studio, Katainen said Finland’s ageing population structure is one of the main reasons for the reform.“The crucial thing that has changed in Finland is that we have fewer working-age people paying taxes and more elderly people who deserve proper care and services. Expenditure no longer matches funds so further cuts will have to be made,” Katainen said.In the last week of November, Finland introduced a budget saving programme for 2014, which included cuts and tax increases worth €5.5bn. Services to feel the cuts include libraries and care for the elderly.“We will have to introduce further cuts in important areas to make savings. Another alternative would be to ignore the situation and let Finland’s debt grow, which would lead to uncontrollable chaos,” Katainen said.last_img read more

Osimhen Says He’s in Wolfsburg to Learn

first_imgWolfsburg will be home to Ausburg on January 28.The Wolves are 13th on the table with 16 points from as many matches.Elsewhere, another Nigerian international, Wilfred Ndidi, who moved to Leicester City from Genk in Belgium trained with his teammates at English Premier League champions Leicester City for the first time.After completing the session, Ndidi voiced his sentiments about his new surroundings and objectives he wishes to achieve.The former KRC Genk man says he will gain plenty of experience at Leicester City after training with his team-mates for the first time on Thursday.“I feel good. My team-mates are nice people and they have welcomed me, so I’m happy.“My first impression was ‘wow.’ I trained and it was really good because it was really high intensity. I feel I can learn a lot here.“Claudio (Ranieri) welcomed me and then he explained to me how the team and everything worked, which I’ve sometimes seen on TV,” he told LCFC TV.The pace of the Premier League is notoriously difficult for new entrants to adapt to and the Nigerian star knows he must hit the ground running if he is to hit the heights at the King Power Stadium.He is now aiming to get a good understanding of how games in the Premier League unfold, as he prepares to ply his trade in one of the most highly-regarded leagues in the world.“I want to just try and understand how the game flows in the Premier League and then work towards that.“For now, I am the kind of player that plays for the team. I try to win the ball for the team – that is one of my main attributes.“I have to achieve a lot here,” he said.Ndidi, 20, will be in the travelling party that heads to Merseyside on Friday ahead of the weekend’s FA Cup game against Everton.Subject to his registration being cleared by the Premier League and the Football Association, he could feature in the third round tie at Goodison Park.City manager Ranieri expressed happiness at the arrival of the Nigerian who will now add to his options in midfield.“We’re very happy to have Ndidi here – he’s an impressive player with a big future.“We’ve followed him a lot and we hope he can impress our fans quickly.“He trained well with the squad today (Thursday). It was his first training session so we need to see him tomorrow before we decide whether he will play at Everton on Saturday,” he said.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Nigeria youngster Victor Osimhen has said he is at German Bundesliga Wolfsburg to learn after he signed a three and a half year contract today.“I am here to learn and wait for my time,” said an elated Wolfsburg.He first signed a pre-contract to join the top German club last year.He has been handed jersey No 18.He was presented to the media at the Wolfsburg training base in Spain, where they are preparing for the resumption of the Bundesliga season.last_img read more