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Luxembourg. Number working beyond retirement age doubles in decade
The number of people continuing to work beyond retirement age in Luxembourg has doubled in the last decade, according to figures released in response to a parliamentary question on Monday, after reforms aimed at incentivising older workers to stay in the labour market.
Luxembourg’s official retirement age is 65, but people can take early retirement at 57 or 60, depending on their level of contributions. The number of people continuing to work after receiving pension payments increased sharply in both categories between 2012 and 2020, the statistics showed.
More than 2,100 people who had opted for early retirement were still in paid work in 2020, more than double the amount in 2012, according to the figures released by Social Security Minister Claude Haagen in response to a parliamentary question from LSAP deputy Mars Di Bartolomeo.
The trend was largely replicated for those aged 65 and over, with more than 3,300 continuing to work beyond the official retirement age in 2020, compared to just over half that number eight years previously. Overall, the figure represents around 2-3% of the total number claiming pension payments.
Read more @Luxembourg Times
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