Bolivia passed a law Friday lowering the retirement age to 58.
Critics say the law, which also nationalizes the pension system and generously extends coverage to the poor, is overly ambitious and unsustainable.
It seems the President there is in the tank with the Bolivian Workers Federation.
"We are fulfilling a promise with the Bolivian people. We are creating a pension system that includes everyone," Morales he said at the signing ceremony.
The new law will also allow Bolivia's 70,000 miners to retire two years earlier -- or as soon as age 51 if they have worked in life-sapping conditions deep underground. Mothers with more than three children will also get special treatment: the right to retire at age 55.
I can see the American unions salivating over this.
I can hear Obama now in 3 years, if we don't retire his A..! "The Bolivian people need our help......."
Complete story is HERE.