Partial Pensions as a Form of Flexible Retirement in the Eu Countries

Abstract

Demographic ageing will affect the EU economy, public finances and adequacy and sustainability of pension systems. A key response to the challenge of ageing population is the extension of working lives. This paper seeks an answer for the question if the partial pension may be an efficient solution to make people work longer. Comparative analysis of the partial retirement in selected EU countries gives no unquestionable conclusions in this question, especially in terms of hours worked. The results highly depend on the construction of the partial pensions and the changes on the labour market. Taking into account both the further pension reforms to make people work longer and simultaneously the pressure on the pension replacement rates, the idea of the partial pension seems to be attractive and worth further research.

Economic activity of Polish pensioners in the light of quantitative research

“…It might suggest that employers are not sufficiently prone to consider the physical barriers of workers at their basic workplace. It also might serve as an argument for searching for a solution in partial pension with partial employment (Bielawska, 2017).…”

“…It is the consequence of relatively low pensionable ages and early retirement in the public pension schemes in the OECD countries accompanied by increasing life expectancy (also life expectancy in a good health). This "reserves" of working capacity are visible in the positive difference between the effective age of labour market exit and effective retirement age (Bielawska, 2017).…”