1Nsurance worker SOO SOO started work at his company to 23, and more than three decades climbing into orders to become a class director. Now approach its 60th birthday, young people soo’s employer has a systematically uncovered away salary.
As part of the South Korea’s “Peak Wage” Reason: Youngs SOO’s wages cut over 20% when turned 56, and a further 10% each year after. During the period and forced to retire next year, and I do not earn just 52% of what he did in 55, despite the same work and hours.
“It is not justified,” he said, calling in the use of age-based “discrimination.”
For d Young SOOK, 59, a nurse against the mainstream retirement after 36 years, the hope fills it with anxiety.
“I can’t imagine myself from this organization,” he said. “I don’t feel like standing by me in a windy way.”
Young SOO and Young Sok (not their real names) are between dozens of workers have interviewed to human rights Watch (HRW) Report Published in WednesdayThat reveals how to use policies in the South Korea to push the major workers in the lower, paid, more unstable work.
The study is found that the south of Korea’s employment laws force thousands to retire to 60, slashing their salaries in the to half of the preceding years in the “Peak payment” system.
While companies can choose an ad set retirement age, 95% of firms with more than 300 employees to do, according to work service, typically choosing age 60, affecting 3.1 million workers. Minors companies are less likely to retirement ages of work shortages.
The sinner’s wage system was designed for the savings of a cutting larger workers’ pay for the payment younger employees in a bid to boost productivity.
Instead, the policies do not pay attention to one of the high elderly poverty rates between developed nations with 38% of the 65s living under poverty line. Workers over 60 earn 29% less than average than younger colleagues with about 70% in insecure employment.
Birgittae Sloat, report author, he said to them measurements designed to protect workers but for the opposite.
“They deny the older workers to continue working in the main jobs, to pay them less, and push them into the lower, paid, precarious work, all alone for their age.
“Control must stop punishing workers to getting older.”
Pressure to raise a retirement period
Findings come to the south of Korea grapples with growing pressure to increase the retirement age, creating a thaw social debate.
The land faces The world’s lowest barnate The side of a rapidly aging population, creating riding economic pressures. The National Pension Fund, one of the most important, the potential depletion of the decades without major reform.
President Lee Jae MYUNG implant in his chosen campaign to gradually raise your first retirement age to 65, closing five years of gap before pension eligibility.
The proposal has a result of institutional backup when the government advisory panel and human rights in the commission and recommends a change.
But the initiative has triggered wild resistance from younger workers who fear it will limit their job prospects and lower productivity.
Research suggests about taking care of being abstinence with studies in South Korea showing that aging are not associated with lower task productivity.
However, simply elevation retirement age can be worse than crisis, legal experts advise.
Labor lawyer Kim Reg-Duk notice goals of reform misses point.
“The retirement itself is inappropriate,” Kim to keep. “Simply elevation of retirement age to 65 would give companies more years to apply discriminatory reward cuts below the current account.”
How to extend the film secret, Kim argues the entire system scrapped. In the place sets him in the odds with the major work of unionarium, who are pushing for age extensions rather than to abolishing a lot of retirement.
“We will be able to perform their duties as long as they can continue” said.
Mandatory retirement to any age violates international human rights law and should be at all, says HRW.
Under International Treaty South Korea has a signed, any work decisions based on aGemust justified is necessary and proportionate.
Reflecting the colleagues in the morning retirement than suffer reward cuts go boy soo said he took the grit to push against the grain.
“I don’t need a lot of mind to choose to work up to the age of 60.”