Parliamentary Secretary Mario Galea said that at present it is estimated that there are more than 10,000 older persons who are gainfully occupied. This is the figure related to persons who continue to work after retirement age. He said this during the conference Working Beyond Retirement organised by MEUSAC.
Mr Galea said that as from the 1st January 2008, all persons in full employment upon reaching retirement age were given the opportunity to continue in their employment without forfeiting their pension.
Parliamentary Secretary Galea said that various studies point towards the advantages of employing older workers, mainly involving a greater loyalty, a stong work ethic and a wider and more stable network.
Mario Galea added that life expectancy in Malta, as in many developed countries, exceeds well beyond the formal retirement age also due to Malta