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Europe Live Saturday 25th May 2013

Delay in the legal age of retirement

18th June 2012

The Latvian parliament decided on 14th June to delay the retirement age that is 62 at present to 65 over the period 2014-2025 in a bid to maintain its pension system, whilst the country's population is continuing to decline and grow older. Pensioners comprise around one quarter of the population of this former Soviet country that has 2 million inhabitants. The text was approved 49 votes in favour, 39 against and 0 abstentions.

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