Aruba’s Prime Minister, Mike Eman, says the government intends to keep the official retirement age at 65 amid public concern it might increase. In an interview with DIARIO, he added that the plan is to let seniors who wish to continue working do so up to age 67—without triggering additional tax burdens.
Eman noted that many people are not physically able to work beyond 65 and also struggle to find employment. However, those over 65 who want to remain in the workforce should have the opportunity. The government is also exploring options in education so experienced teachers can continue, addressing an ongoing teacher shortage.
To enable this, Finance Minister Geoffrey Wever is preparing changes to tax regulations so retirees who keep working won’t be pushed into higher tax brackets on their pension plus earnings. According to Eman, the current system can discourage seniors from contributing because the extra income often means paying substantially more tax. The proposed change would prevent retirees from falling into the highest bracket, helping those who can and want to keep contributing feel encouraged rather than penalized.
“We want retirees not to fall into the highest tax bracket. This will help many who can continue contributing to do so without facing a demoralizing tax rate,” Prime Minister Mike Eman said.
Photo Credits : https://diario.aw/categories/noticia/general/gobierno-kier-mantene-edad-di-pensioen-na-65-ana
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