Vinkele calls talks on raising retirement age to 70 years speculative

  • 2013-04-11

RIGA - All talks about raising the retirement age to 70 years are speculations, Welfare Minister Ilze Vinkele (Unity) emphasized in an interview with the LNT morning show "900 sekundes" today.

Vinkele pointed out that the decision on increasing the retirement age to 65 was made only last year and increasing the retirement age will begin next year.

She also noted that Latvia's society does not differ much from other European countries in terms of aging.

Commenting the recent criticisms of the second pillar pensions, the minister rejected them as unfounded.

Vinkele pointed out that the social budget's deficit is reducing, making it possible to resume pension indexing, but no sooner than this fall.