From Herald News Services
Published: Friday, July 11, 2008
Aging - Cuba plans to raise the retirement age for workers by five years
as it tries to cope with an aging population, official media said Thursday.
The proposal, to be presented on Friday to the National Assembly, calls
for raising the retirement age for men from 60 to 65 and for women from
55 to 60, said state news agency AIN.
Social Security Minister Alfredo Morales told an assembly committee the
change would be implemented gradually over the next few years, AIN said.
He said it would be presented to labour groups for consultation and will
likely be approved by the National Assembly at its next meeting in December.
Cuba estimates 25 per cent of its population will be over 60 in the year
2025, a high proportion compared to other Latin American countries.
Under current trends, Morales said Cuba will have 770,000 less
working-age people in 2025 than it had in 2007.
Government leaders also are studying ways to increase the birth rate in
the nation of 11 million people, he said, while the government said in
April it would increase social security payments to retirees by 20 percent.
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