Wednesday, August 13, 2014
For individuals with at least 45 years in the work force, Germany recently lowered the minimum age for full retirement benefits to age 63. As explained on NPR's story, the reduction is both popular and unpopular, depending on the point of view. Critics point to the reduction as pandering by political parties seeking short term voter support, and cite Germany's past objection to bailouts for lower-age retirement benefit programs in other countries, including Greece. Here's the link to the Morning Edition podcast.