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Many Swedes Delay Retirement

While people in France are demonstrating to keep the retirement age at 60, rather than 62, Swedes are choosing to work later and later.

According to Swedish Radio News, 12.5 percent of those between 65 and 74 are working. Most are men, well-educated, and involved in business.

In theory Swedes can retire from the age of 61, but with reduced pensions. The usual retirement age is 65, with a legal right to work until 67. The newly re-elected center-right government has proposed changing the maximum age to 69. ¨

According the researchers, most of those who choose to work longer do so because under the most recent pension reform they have to in order to receive the same pension they would have received under the old system.

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