Cutting pension would lead to economic growth. According to Quinby, Sanzenbacher, and Aubry (2018), cutting pension aims at increasing the years that people should work before they retire. It means that employees would carry out economic activities for a long time, thus increasing the economic output. Sustainable economic growth depends on productive capacity, which depends on the level of economic output (Osaulenko, Yatsenko, Reznikova, Rusak, & Nitsenko, 2020). Therefore, the government should cut pensions by allowing employees to work longer in order to develop the economy while reducing the pension crisis. Another option that the government should use is to deny the possibility of early retirements to avoid people from asking for pensions earlier than others.
