"Under market pressure to reform its indebted retirement system, the Socialist government has ruled out raising the legal retirement age of 62 and hopes sticking to softer measures will avoid setting off prolonged street protests.... The government's main scenario is to make workers pay pension contributions for a period of up to 44 years starting in 2020 ... As things stand, a pay-in period of 41.5 years is to be made mandatory for all by 2020, whereas today people retire after around 40.5 years in work."  MORE >>