The Age of Eligibility for Old Age Security Will Gradually

question 13

Essay

The age of eligibility for Old Age Security will gradually increase from 65 to 67 starting in 2023. What are the potential implications of this reform?

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Definitions:

Economic Strike

A work stoppage conducted by employees to demand higher wages, better benefits, or improved working conditions from their employer.

Recognition Strike

A type of strike aiming to compel an employer to recognize and negotiate with the union as the official collective bargaining agent for the workers.

Sympathy Strike

A work stoppage by workers in one industry intended to show support for striking workers in a different industry or company.

NLRA

A key piece of legislation in US labor law, the National Labor Relations Act establishes the rights of workers to unionize and negotiate collectively with their employers.