The future of early retirement is uncertain for people in demanding jobs. Unions and employers could not agree on the extension of the regulation, which will expire at the end of 2025. Unions are preparing actions in various sectors.
This is the Early Retirement Plan (RVU) introduced in 2021. This system allows employees to stop working three years before reaching the legal retirement age. You will receive net 1,200 Euros per month from your employer until you retire. To supplement this income, employees can withdraw some of their pensions earlier.
Approximately 14,000 people took advantage of this opportunity. These were not always people with a clearly difficult job. The system is used, among other things, in the insurance industry.
“Unattainable”
Employers and employees have been discussing extending the program in recent months. They also wanted to make new agreements regarding professions that could use it. Unions also wanted to increase compensation in the system. The amount of 1200 Euros will be too low for many people.
“This regulation is inconvenient and therefore inaccessible to those who actually want to use it,” says Jan Pieter Daems from the CNV union.
“Time to talk”
Various consultations did not lead to an agreement. In their statement, the unions said, “The time for talking is over, now something needs to be done in the short and long term.” In the opinion of employers’ associations, it is too early for unions to no longer want to continue the debate. It is still unclear what the Ministry of Social Affairs wants regarding early retirement.
Employers want consultations to continue at a later date.
Source: NOS
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
