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PR Newswire
20-02-2012, 10:01 PM
Some of you might have caught this a couple of weeks back, when the Swedish PM suggested that people should consider working till 75 years old.
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Swedish Prime Minister Fredrik Reinfeldt wants people to consider working until age 75 and employers to be open to hiring those over 55, he said in an interview Tuesday.
The conservative, who heads a centre-right coalition, said Sweden's generous welfare state and pension system would not be sustainable with an ageing population unless people worked longer.
In an interview with the Dagens Nyheter daily which sparked a strong reaction from labour unions, he said attitudes needed to change and employers needed to start viewing those over 50 differently.
"To hire someone who is 55 who says 'yes, I plan to work until I'm 75' -- that's 20 years, that's a very long and interesting employment relationship compared to a person who at that age plans to start winding down in five or six years," the prime minister said.
Sweden has a flexible retirement age, where workers can begin drawing on their pension at 61 or keep working until 67. Of Swedes over 65 years old, 7.8 percent were employed in 2010, says Statistics Sweden.
Reinfeldt was speaking on the eve of a Stockholm meeting with the leaders of Britain and the Nordic and Baltic countries on encouraging the elderly to stay in the workforce and women to start their own businesses.
Reinfeldt said that, with rising life expectancies, something has to give.
"If people think that we can live longer and shorten our working lives, then pensions are going to be lower. The question is, are people ready for that?," he asked.
Reinfeldt said people should be prepared to have a career change when their profession becomes too physically difficult or too stressful.
"The left wing believes that when your job gets too difficult, you should go off on early retirement or get some type of social benefits. But I think that when work gets too tough I should do something else," he said.
"We have to start asking ourselves, 'How are we going to do that? How do we change careers in the prime of our lives? And how do we make it possible to work until we're older, maybe even much older?'"
One option was to make it easier for older people to go back to school for job retraining.
Reinfeldt's comments prompted a slew of reactions on Tuesday, with the influential Confederation of Trade Unions (LO) arguing that it was not feasible for its members to work to age 75.
"It is totally impossible right now, the average retirement age today is around 64," LO economist Mats Morin told Dagens Nyheter's online site.
He added however that if working conditions improved, employees could stay healthier and work longer in future.
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Swedish Prime Minister Fredrik Reinfeldt wants people to consider working until age 75 and employers to be open to hiring those over 55, he said in an interview Tuesday.
The conservative, who heads a centre-right coalition, said Sweden's generous welfare state and pension system would not be sustainable with an ageing population unless people worked longer.
In an interview with the Dagens Nyheter daily which sparked a strong reaction from labour unions, he said attitudes needed to change and employers needed to start viewing those over 50 differently.
"To hire someone who is 55 who says 'yes, I plan to work until I'm 75' -- that's 20 years, that's a very long and interesting employment relationship compared to a person who at that age plans to start winding down in five or six years," the prime minister said.
Sweden has a flexible retirement age, where workers can begin drawing on their pension at 61 or keep working until 67. Of Swedes over 65 years old, 7.8 percent were employed in 2010, says Statistics Sweden.
Reinfeldt was speaking on the eve of a Stockholm meeting with the leaders of Britain and the Nordic and Baltic countries on encouraging the elderly to stay in the workforce and women to start their own businesses.
Reinfeldt said that, with rising life expectancies, something has to give.
"If people think that we can live longer and shorten our working lives, then pensions are going to be lower. The question is, are people ready for that?," he asked.
Reinfeldt said people should be prepared to have a career change when their profession becomes too physically difficult or too stressful.
"The left wing believes that when your job gets too difficult, you should go off on early retirement or get some type of social benefits. But I think that when work gets too tough I should do something else," he said.
"We have to start asking ourselves, 'How are we going to do that? How do we change careers in the prime of our lives? And how do we make it possible to work until we're older, maybe even much older?'"
One option was to make it easier for older people to go back to school for job retraining.
Reinfeldt's comments prompted a slew of reactions on Tuesday, with the influential Confederation of Trade Unions (LO) arguing that it was not feasible for its members to work to age 75.
"It is totally impossible right now, the average retirement age today is around 64," LO economist Mats Morin told Dagens Nyheter's online site.
He added however that if working conditions improved, employees could stay healthier and work longer in future.