Why should we raise the retirement age?



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Why should we raise the retirement age? - 1

It is expected that, starting in 2021, the roadmap for raising the retirement age will be 7 to 14 years, depending on the gender. (Art)

Many people will feel tired waiting. Because rest plans, personal plans or health care routes … will be affected by the retirement date being extended by several months or years.

In this process, of course, many people will ask the question: Why choose this time to raise the retirement age? What increases your retirement age when there are still millions of unemployed workers? Does increasing the retirement age reduce job opportunities for young workers? What is the opportunity for people to retire before age?

At every job, employees have the right to raise legitimate questions about a broad social security policy that has a long-term impact on the target group of tens of millions of people in the future, such as raising the retirement age.

According to the contents of the Revised Labor Law of the Ministry of Labor, Invalids and Social Affairs, as well as information from the Drafting Committee on the amendment of the Labor Law shared in the past, many of the contents related to the above open question.

Why talk about raising the retirement age right now?

The current retirement age is almost 60 years, namely: male employees retired at age 60 and women retired at age 55 under normal conditions.

It must be said that, at that time, the average retirement age of the workers was only 40 years.

After almost 60 years, the average retirement age of Vietnamese workers is now 54.3 years, of which male workers are 55.6 years and female workers are 52.6 years old.

The average retirement age in Vietnam is the lowest in the region. Meanwhile, Vietnam is one of the countries with the longest life expectancy in the region. Male workers after retirement have an average life expectancy of 78 years and women are 79.5 years old.

Therefore, adjusting the retirement age according to the upward trend is also understandable to cope with the rapidly aging population.

Does the increase in the retirement age "occupy" the younger generation?

This concern is only possible if there is a miracle that reverses the process of rapidly aging populations in Vietnam.

15 years ago, the workforce increased 1.2 million people / year. But only in the last 5 years, the number of employees has increased to only 400,000 people / year, an increase of only 1/3 from 15 years ago.

Over the next 15 years, Vietnam is likely to increase only 200,000 people a year or even less.

Thus the scarcity and shortage of labor in Vietnam will become a clear risk if the working age is not immediately expanded from now on.

More than 1 million workers are unemployed so it is necessary to increase the retirement age?

Vietnam has more than 50 million people of working age. With about 1 million unemployed, Vietnam has an unemployment rate of 2.2% – the lowest among the 160 countries compared.

Even when the unemployment rate is higher than the unemployment rate in Vietnam, many countries still need to consider raising the retirement age as well as recruiting more foreign workers.

For example, in Korea, the unemployment rate is 4.9%; Japan is 2.4%; Taiwan is 3.7%; Germany is 3.3%; Romania is 4%; Russia is 6% … These countries and territories have a retirement age higher than Vietnam and are receiving many workers in the country, including Vietnamese workers.

As recommended by the International Labor Organization, in order to address the aging population, countries need to adjust their retirement age, from the "golden population".

This is a long-term job that needs a long-term roadmap, not a job done in just 3 to 5 years and will have to pay dearly if it is too slow to adjust.

Does the increase in the retirement age affect workers who are doing heavy, toxic and dangerous work?

The draft amendment offers a "right of retirement" option for selected workers. Workers have the right to retire early and retire when they have enough time to pay social insurance.

In the case of workers with reduced health, heavy and dangerous workers, they have the right to retire under 5 years of age. There are even cases of retirement 10 years before …

With the above information, employees will have their own opinions and opinions on the question: Why should we raise the retirement age?

Hoang Manh

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