Raising the retirement age and pension reform 2024 / Raising the retirement age is one of the options of the new pension reform

Raising the retirement age is one of the logical options for changes brought about by the upcoming pension reform in 2024. Currently, the current legislation sets the retirement age for women and men at 60 years of age and 40 years of pensionable age without buy-up or 65 years of age and at least 15 years of insurance period. The 2024 pension reform proposal could also include raising the retirement age by two years.

Raising the retirement age as part of the pension reform

The pension reform proposal is not yet known, as negotiations are currently underway. However, the State Secretary at the Ministry of Labor said that as part of the negotiations on the pension reform, there is also talk of raising the retirement age by two years. The requir retirement period would remain 40 years. This means that the retirement age would rise to 67 with the pension reform . As report by STA and 24ur, the target industry database state secretary mention two other things as possible changes that will be brought about by the pension reform. Instead of the 24 best years, all 40 years would be taken into account in the amount of the pension. Among the likely changes is the possibility of erasing the worst five years.

Despite the increase in the retirement age. The ministry is expect to take several measures to promote the work activity of the elderly. Thus, the possibility of paying out 40% or 20% of the old-age pension, if the worker remains employ after reaching the 40th year of retirement age.

We would still encourage the work activity of the elderly

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