Ruling parties reach compromise on pension reform

The ruling parties reached a compromise on the controversial pension reform bill ahead of its third reading in the lower house, which began on Wednesday. The retirement age will gradually increase by one month a year over the age of 65 after 2030 and will be capped at 67. About 15,000 people employed in high risk professions will be able to retire early without losing money. The original proposal was for the high-risk professions to encompass more than 127,000 people but that was abandoned in favour of a slower increase in the retirement age. Among the professions that will be able to retire early are foundry workers, welders, grinders and metallurgists. On the other hand, glassmakers, assembly workers and nurses will not be entitled to early retirement.