BREAKING NEWS

Finance C'tee to discuss raising women's retirement age

By JPOST.COM STAFF, RUTH EGLASH

NOVEMBER 15, 2011 10:52

The Knesset Finance Committee on Tuesday was scheduled to discuss Finance Minister Yuval Steinitz's request that the retirement age for women be raised from 62 to 64. The change is opposed by a number of MKs who have introduced rival legislation that would freeze the retirement age for women at 62.

The bill, which was submitted by Meretz MK Ilan Gilon together Haim Katz (Likud) and several other MKs from across the political spectrum, comes as a direct challenge to a Finance Ministry recommendation. It passed its first reading in the Knesset plenum last week and will be passed back to the Knesset Committee for Welfare, Labor and Health for a second and third reading.

The Finance Ministry proposal, which was presented earlier this year, has been sharply criticized by women’s rights groups who point out that current gender inequalities in the work place must be addressed first, before discussing equality for men and women at the retirement level.

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