CCTV.com - CNTV English - CCTV News

Europeans unhappy with pension reform

06-25-2010 08:24 BJT

Watch Video

Play Video

Many European countries are speeding up plans to raise the pension eligibility age, in an attempt to balance their budgets. But the idea is proving unpopular all across the continent.

She's 84 and still doing her job - a trip to Wimbledon her latest engagement.

And the UK's Queen Elizabeth may find she represent things to come as Britain prepares for austerity measures and a rise in the pension age.

The government is to speed up plans to raise the state pension age for men to 66 - and the same deal for women is planned a few years later.

Ian Duncan Smith, British Secretary of State for Pensions, said, "You've got to look at the nature of what we are doing - first of all equalization of year so women will be retiring moving up to 65 and than we're talking about moving men to 66 and then women slightly later to 66 so we are looking between 2016 and 2020."

As he chatted to 76 year old supermarket worker, Ray Gill, he said the changes would save huge amounts of government money.

He said, "The net positive for the economy you know we could see huge shift of one percent cut in the economy which is the equivalent of maybe 13 or 14 billion pounds a year growth in the economy, simply by people retiring one year later than they do now so there are huge positives."

But already the idea is proving unpopular - particularly amongst those doing hard manual labor.

John Livemore, Refuse Collector, said, "It's not fair because like you know how many year you going to live after? You're 66 years old - you used to retire at 65 - how long does a man last who does this kind of work - three years ?"


Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program