MK (Machane Tzioni) Shelly Yacimovich feels that efforts to extend the age from which women in Israel may receive pension payments to 67 is a bad mistake and plans to fight it to prevent it from passing.
The former party leader told Kol Chai Radio host Mordechai Lavi that such a move would create an absurd situation, explaining on the one hand a woman is forced to retire at 65 but she will not be able to collect her pension for an additional two years. She warns that such a policy would result in increased poverty among women in this age group.
Yacimovich feels for one thing, persons at 65 should not be compelled to retire but it should be voluntary. She pointed out that at this age, such people, if in good health, have much to offer based on their wealth of experience. She warns this is not the way to try to save Bituach Leumi, which experts predict will face growing financial problems in the future for doing so will just place a growing number of older people into financial stress or even poverty.
(YWN – Israel Desk, Jerusalem)
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Perhaps Israel should get rid of compulsory retirement. In America we banned compulsory retirement, outlawed age discrimination, and it works out fine. In fact, most people retire relatively early, but those who want to work are free to do so.