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One in four will work until they are 72 years

On average, people want to work four years longer now than ten years ago, shows the annual senior barometer.
Employees want to work longer than they actually do.
Employees want to work longer than they actually do. (Photo:  )
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Workers say they will retire when they are 66.1 years. One in four said they would like to work until they are 72 years. In reality people 63.1 years when they withdraw from the labor market.
On average, people want to work four years longer now than ten years ago, shows the annual senior barometer.
- There is a very good figure and a very high average. The challenge is that people retiring much earlier than they want. Much would actually have been achieved if we had worked so long as we say we will do, says Director Kari Østerud in Centre for Senior Policy (SSP) said.
The economic benefit by older continues one year working longer corresponds according SSP about 30,000 employees and 30 billion in increased value creation.
- The goal of pension reform five years ago was to get people to stay in work longer. We need greater efforts if we are to achieve the goal of people to work longer, and as long as they want, says Østerud.

most satisfied

"Norwegian Senior Policy Barometer 2016" conducted by Ipsos on behalf of SSP to examine attitudes to senior political issues in the workplace.
Director Kari Østerud in Centre for Senior Policy.
Director Kari Østerud in Centre for Senior Policy. (Photo:  )
- In general, the numbers stable. We have for some time been this positive development where people want to work longer, but it seems to stagnate a little, says Østerud.
The responses from workers over 60 years shows that they are healthier than before, they feel a greater degree than other workers that they master their work and looking forward more to go to work than others. This is reflected in the attitudes of managers and workers: As many as eight out of ten believe that those over 60 have at least as good work performance as those under 60 years.
Østerud points out that it is not as startling:
- Those who stand in the job after 60 years, do so because they are motivated, thrive and have an in-demand skills. But there are more than those who are still able to work and enjoyed it.

Will step aside

One reason why people go before retirement, is probably the attitude of letting younger drop to when a company must downsize. The proportion who think that the elderly should be terminated before the younger, has increased from 23 percent in 2014 to 29 percent this year.
The challenge is that people retiring much earlier than they want.
KARI ØSTERUD, DIRECTOR OF THE CENTER FOR SENIOR POLICY
- One in three workers over age 60 say they are willing to go to escape the young forward, even if they really want to work anymore. It builds on a notion that one can retire away unemployment. But there is a huge misunderstanding. Increased labor force participation among older is essential to ensure the welfare ahead.
Østerud want a confrontation with the attitudes of society.
- On average, considered people older when they are passed 58 years, and being older is often associated with something negative. Managers are more positive towards older the older they are themselves, women are slightly less negative than men and older workers is quite harsh on himself. But age is just a number.Restructuring ability and learning ability is just as good. (AFP)

FACTS ABOUT SENIORS IN THE WORKPLACE

  • Workers say they will retire when they are 66.1 years.
  • This is an increase of over four years since 2006.
  • Actual retirement age is 63.1 years, which is 2.6 years more than ten years ago.
  • Another measure of performance is a wide gap between produced FTEs and life expectancy.
  • After filling 50 years is expected participation rate 11.6 FTEs and life expectancy 33.6 years.
  • Between 2005 and 2015 is expected participation rate increased by 1.7 FTEs, while life expectancy increased by 1.6 years.
  • Unemployment increased most for those over 60 years and has increased 8 percent over the past year age group 50-59 years it has increased by 7 percent.
  • For all age groups under 50 years, unemployment has declined over the past year.
  • Those who disappear from the labor market after age 60, comes to a lesser degree in the job than others.
  • Eight out of ten believe workers over 60 years performing as good as those under 60 years. (Sources: Ipsos survey, "Norwegian Senior Policy Barometer 2016" and Nav)

FACTS ABOUT PENSION REFORM FROM 2011

  • Makes it possible to work next to the pension without curtailment. Meanwhile, the pension is greatly reduced when it is taken out early.
  • Vesting rules have also been changed, and the concept of life expectancy adjustment is introduced. This means that your pension will be lower if the life expectancy of the age cohort your increases. Disability pensioners are also covered by the pension reform principle of life adjustments, but they screened for half the effect.
  • Employees of state and municipality is not covered by the pension reform. When negotiations on new rules for public pensions broke down in 2009, the parties agreed to continue the old pension scheme.
  • Public employees who have turned 67 are entitled to pensions only when they cease to work. If you choose to continue to work, one can take out Insurance, but not pensions. (AFP)

Ten Central Asians arrested for plotting terrorist attacks in Russia


Bishkek (AKIpress) - The Federal Security Service (FSB) said it has arrested 10 Central Asians who planned terrorist attacks in Moscow and St. Petersburg.
FSB did not specify the countries the detainees were from, but said they had contacts with ISIS.
“The detainees confessed to having contacts with the leaders of the Islamic State, a terrorist organization banned in the Russian territory... and having associates and accomplices both inside and outside Russia,” the FSB's statement said.
It added that the arrests were made in cooperation with security services of Kyrgyzstan and Tajikistan, backed by the Russian Interior Ministry.
FSB seized explosives, weapons, ammunition and communications equipment from the detainees. According to preliminary data, they were planning "Paris-like terrorist attacks."

Mongolian Parliament approves 2017 public budget

Bishkek (AKIpress) - Budget_newThe State Great Khural (Parliament) of Mongolia approved a draft of the 2017 public budget, 2017 public budget framework, 2017 budget for the Social Insurance Fund, and an overview of fiscal policy from 2018 to 2019, reports The UB Post.
According to the 2017 public budget, revenue is expected to make 23.3 percent of GDP, expenditure – 32.3 percent, and deficit – 9.1.
The Cabinet of Ministers expects to reach a three-percent economic growth in 2017 by moving forward on mining mega-projects. The government of Mongolia says that taxes will not be increased, to help create stability in the tax environment. The Cabinet is aiming to improve infrastructure in mining sector and to generate budget revenue by developing construction and investment to accelerate mega-projects.
The state’s administrative expenses (salaries and other asset expenses) will be cut by one percent in 2017.
Funds to promote healthcare, sports, arts and culture that have been included in the 2017 welfare and education programs did not see significant budget cuts. People aged 65 and older will be eligible to receive 50,000 to 200,000 togrog (depending on their age) as financial aid during Tsagaan Sar and the Naadam Festival, and 20.5 billion togrog has been budgeted to provide seniors with financial assistance.
89.5 billion togrog has been budgeted for a onetime payment of retirement allowances for employees and officers retiring from the public sector to maintain their welfare aids.
The state will provide 104.5 billion togrog to finance student loans, and 14.5 billion togrog has been budgeted for scholarships for students who have been accepted to the world’s top universities. 9 billion togrog has also been included in the 2017 budget for the operational and training costs of private and public polytechnic colleges. Cash allowances in the amount of 161.5 billion togrog will be distributed to targeted groups of children in 2017. 5 billion togrog for childcare has been allocated to help continue childcare service programs.
The salaries of state prosecutors will be increased with state budget funding of 9.5 billion togrog, and the budget of the Constitutional Court included additional 341.8 million togrog for salary increases for judges in 2017. The state will only fund critical projects in education and healthcare, and repairs for heating pipes requiring upgrades in Ulaanbaatar will be funded. The operating expenses of state organizations will be cut from 10 to 100 percent, depending on their duties.
Expenditures for a number of state-funded programs and events will be reduced by 410 billion togrog. The state will not fund any new construction projects through concession agreements in 2017.
The Parliament approved reducing the quantity of domestic bonds issued, subject to budget deficit, and says it will promote economic growth by ensuring the effective spending of foreign loans and aid, and funding only cost effective projects. A measure to reduce interest expenses to 2016 levels by using more optimal methods of debt control was also approved by the Parliament.
U.S. dollar equals 2475.00 Mongolian togrog, according to current rates.

Third quake jolts Kyrgyzstan over day

 (AKIpress) - 
quake recorderThe third quake jolted Kyrgyzstan on November 14, reports the Ministry of Emergency Situations with reference to the Seismology Institute.
The earth tremors were registered at 12.57 pm local time. The tremors measured 2.5 points in the epicenter close to the border with China.
The previous tremors were registered on Osh region and on the Kyrgyz-Chinese border.
No casualties and destructions are reported.

OIL GAS & ENERGY

OIL GAS & ENERGY

Genex Power Limited (ASX:GNX) Completes Kidston Hydro Project Technical Feasibility Study

🕔11/14/2016 1:43:34 PM
Genex Power Limited (ASX:GNX) is pleased to announce the completion of the Kidston Pumped Storage Hydro Project (PSHP or Project) Technical Feasibility Study (TFS). The TFS process was managed by specialist power and water consulting firm, Entura, in conjunction with project partner, HydroChina.
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Stanmore Coal Limited (ASX:SMR) Commencement of New Managing Director

🕔11/14/2016 1:08:20 PM
Stanmore Coal Limited (ASX:SMR) today announces the commencement of the Company's new Managing Director Mr Dan Clifford. The appointment was announced to the market on 4 October 2016.
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Central Petroleum Limited (ASX:CTP) 2016 AGM - Managing Director's Presentation to Shareholders

🕔11/9/2016 11:16:53 AM
Central Petroleum Limited (ASX:CTP) (OTCMKTS:CPTLF) is pleased to provide the company's Managing Director's Presentation at 2016 AGM.
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MINING & METALS

MINING & METALS

Crater Gold Mining Limited (ASX:CGN) Maiden JORC Gold Resource at HGZ Project, Crater Mountain, PNG

🕔11/14/2016 1:19:19 PM
Crater Gold Mining Limited (ASX:CGN) is pleased to announce a maiden inferred resource estimate reported in accordance with JORC guidelines for its HGZ gold mining project, part of the Crater Mountain Project in Papua New Guinea (PNG) of 44,500 tonnes at 11.9 g/t for 17,100 ounces of gold (cut- off grade of 5 g/t Au).
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Cardinal Resources Ltd (ASX:CDV) Investor Update

🕔11/14/2016 12:46:38 PM
Cardinal Resources Ltd (ASX:CDV) is pleased to announce the release of an investor update to coincide with Australian and International Analyst / Fund Manager site visit of the Namdini Project this week.
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Ardiden Ltd (ASX:ADV) Thick Spodumene Zones Intersected At Seymour Lake

🕔11/14/2016 10:03:21 AM
Ardiden Ltd (ASX:ADV) is pleased to advise that it has made a strong start to the resource delineation diamond drilling program currently underway at its 100%-owned Seymour Lake Lithium Project in Ontario with numerous zones of spodumene-bearing pegmatite logged in all 15 drill holes completed to date.
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White Cliff Minerals Ltd (ASX:WCN) Air-core Drilling Approvals Received- Ironstone Gold Project

🕔11/14/2016 8:26:10 AM
White Cliff Minerals Ltd (ASX:WCN) is pleased to report that statutory approvals have been received to conduct drilling at the Ironstone Gold prospect, part of the Merolia gold project, near Laverton Western Australia.
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Altech Chemicals Ltd (ASX:ATC) Managing Director AGM Presentation

🕔11/11/2016 9:56:05 AM
Altech Chemicals Ltd (ASX:ATC) is pleased to provide the company's latest Managing Director AGM Presentation.
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मुख्य समाचार -India UNI

मुख्य समाचार
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नहीं वापस होगी नोटबंदी : मोदी

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Cambodian PM Wishes Visitors Joys during Water Festival Celebration

Cambodian PM Wishes Visitors Joys during Water Festival Celebration

AKP Phnom Penh, November 14, 2016 –
Cambodia’s Prime Minister Samdech Akka Moha Sena Padei Techo Hun Sen in a Facebook post in Khmer and English this afternoon called on both national and international tourists to continue enjoying the annual celebration of Water Festival.
“Cambodia is pleased to welcome all visitors during Boat Race, Moon and Water Festival from November 13-15, 2016,” he said. “Please have a pleasant stay in Kingdom of Cambodia!”
According to the premier, the first day of the Water Festival was held with joyfulness. Hundreds of thousands of Cambodian people have flocked to Phnom Penh capital city to enjoy the celebration, especially to watch the boat races along the riverside.
Today is the second day of the celebration and the full moon day, and some rituals will be organised at the Royal Palace tonight.
By Khan Sophirom

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