Quote:
Originally Posted by Flames Fan, Ph.D.
My point is that if you have high unemployment, then who are you going to make work until they're 67?
And if these people are government employees, not paying out 7 years of pension payments but paying them 7 more years of salary would increase government outlays.
|
Except that those people in government employment are not generating government revenue they're revenue negative. It would actually be cheaper for the government to lay them off or fire them and pay them a much smaller percentage in employment benefits.
The pension's in Greece for government workers is/was 80% of their final years salary. I somewaht agree with you about the 7 year salary issue except that you are paying them 80% of their salary for 7 years not to work so the savings in letting them retire at 60 is negligible until you consider that they stop paying into their pension at 60 instead of 67.