Few Spaniards continue working after age 65

October 8, 2008

Few workers in Spain are interested in working after age 65, the official retirement age. In January the Spanish government offered a 2 percent increase in pension benefits for each additional year worked, but so far only 6,321 people have accepted for the deal. However, twice as many workers are postponing retirement in 2008 than in 2007, before the government incentive began. The plan is part of an effort by European countries to minimise the impact of aging populations on public spending by encouraging people to work longer. For an extensive choice of new and off plan property for sale in Spain on the Costa Blanca and Costa Calida, visit the Novocasa website.