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The Caixa proposes to delay the retirement to the 70 years and to curb the cost of the Government
The Caixa has proposed in the monthly report that elaborates its Service of Studies, to delay the age of retirement to the 70 years. The measurement would be made from 2008 to year 2050 adding to every year six weeks gradually more. That is to say, in 2008, the retirement would in force enter the 65 years and six weeks, in 2009 to the 65 years and twelve weeks, and so on until the year 2050, that would be to the 70 years. Of this form, the population in age of retirement would be reduced to a 20% in that year. The report analyzes the changes that are necessary to diminish the impact of the aging on the budget of year 2050. Besides the previous proposal, it also points the one to raise modifications in the system of pensions so that they contribute to reduce the long term cost like, for example, “to use all the labor life to calculate the pensions. Aging of the population the Caixa says that the aging of the population supposes an enormous challenge for the fiscal policy, since the pressure that the increase of the population of greater age is going to exert on the public cost in pensions, health and policies of dependancy “can get to be suffocating” towards half of century. And although the first symptoms can take more than one decade, explains that now it is the moment for taking measures. Together with this, the report of the box indicates that in the matter of health, “it is probable that a greater use of the copayment on the part of the user like source of financing and instrument considers sooner or later to rationalize the demand”. In addition, it says that it would be logical to consider an improvement in the fiscal treatment of the saving, and adds that a form “to adapt the budgetary policy before the future increase of the cost is to save now”. On the other hand, the report of the Caixa points the necessity “to impose legal limits to the capacity of cost of the Government”, since to its way to see “can be useful to eliminate the tendency the deficit”. It adds perhaps that, in the short term, “the fiscal impulse is able to push the activity”, but concludes that this stimulus “is ended up paying expensive in inflation, incorrect allocation of the productive resources or even in recession”. And it needs that this establishment has allowed to strengthen the idea that the excessive deficit ends up damaging to the economy. In that sense, it indicates that although the majority of the governments usually exhibits a slant towards the deficit, “an excess of cost on the taxes entails an increase of national debt that sooner or later they will have to pay to governments or future generations”. (The extracted ABC News)
 
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