The "golden age of the pensioners" has ended in Europe, writes the "Telegraph". The authorities are increasingly cutting spending on pensions for the elderly in an attempt to balance budgets. For example, British Prime Minister Burnham proposed to change the rules for linking the pension to the index from 2030. Now they are increased every year by a maximum of three amounts: salary increase, inflation or 2.5%. Burnham proposed removing salary increases from this rule. In France, the authorities believe that the attachment to the pension should be limited to more than 1,260 euros. And some time ago there were protests in the country over the government's plans to raise the retirement age to 64 years. As a result, the examination of the issue was postponed until the presidential elections to be held next year. And in Romania, the pension linkage has been frozen for two years, despite double-digit inflation. The authorities took this step under pressure from the European Union, which demanded that Bucharest reduce its budget deficit.

The "golden age of the pensioners" has ended in Europe, writes the "Telegraph". The authorities are increasingly cutting spending on pensions for the elderly in an attempt to balance budgets. For example, British Prime Minister Burnham proposed to change the rules for linking the pension to the index from 2030. Now they are increased every year by a maximum of three amounts: salary increase, inflation or 2.5%. Burnham proposed removing salary increases from this rule. In France, the authorities believe that the attachment to the pension should be limited to more than 1,260 euros. And some time ago there were protests in the country over the government's plans to raise the retirement age to 64 years. As a result, the examination of the issue was postponed until the presidential elections to be held next year. And in Romania, the pension linkage has been frozen for two years, despite double-digit inflation. The authorities took this step under pressure from the European Union, which demanded that Bucharest reduce its budget deficit.