Finnish Government backtracks on increasing retirement age

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FINLAND - The Finnish government has withdrawn its plans to increase the pension age in increments from 63 to 65 from 2011, after reaching an agreement with the three main labour unions and employers.

The government decided with labour unions and employers - in a typical tripartite agreement - to prolong people in work for a further three years, from the current average age of 59.4 years, betwee...

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