Pensions, 30 thousand elderly people incentives to work - Document/ Income tax reduced, performance bonuses
In parallel with the intervention in increasing the average pension and granting the 13th pension, the government will review the legal framework in terms of reducing tax rates on the income of employees of retirement age in order to provide incentives for individuals who continue to contribute to pensions and social security until late in life.
The goal is to provide greater financial support during the period when they simultaneously benefit from an old-age pension and are also contributors as employees in the private sector.
This policy is an opportunity to financially motivate the retirement age population not only to be active but also to enable income growth and ensure financial independence.
The Policy Document on Aging and Action Plan 2025-2030, approved at the last government meeting, states that by 2030, at least 30,000 contributing individuals of retirement age will benefit from incentives.
It also foresees the application of bonuses for sustainability and performance; support for private pensions, and flexibility of working hours.
According to the document, it is expected that 300 private entities, by 2030, will have created the conditions for suitable employment for the elderly.
These include creating opportunities for social and health benefits for seniors who continue to contribute to the private sector even after retirement, such as: providing psychological counseling, physical activities (gym or sports competitions) or medical check-ups in the environment where they work, which help reduce stress and anxiety, and in the active life of seniors.
According to the document, while poverty among older workers has increased, age discrimination, including in the workplace, is evident. Anxiety among the elderly and young about the pensions they will receive in the future are indicators of the need for reform.
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