Poland lowers its retirement age on Sunday, a costly election promise by the ruling conservatives which goes against a European trend of gradually increasing the pension age as people live longer and stay more healthy.
Lowering the age to 60 for women and 65 for men is popular in particular among supporters of the governing right-wing Law and Justice (PiS) party, and reverses an increase to 67 approved in 2012 by the former centrist government.
It is seen as having a limited immediate impact on the economy, which is booming, but might put pressure on state budgets in the future.
The move comes …read more
Source: Gulf times
