Act of 11 May 2012 on Amendment to the Act on Pensions from the Social Insurance Fund and other Acts

Main implications

This act established the gradual raise of legal retirement age in general and farmer’s pensions system from 60 years for women and 65 years for men to 67 years for both men and women. Starting from 2013, retirement age will be raised by one month for people born in subsequent quarters. For example: For women born from 1 January 1953 to 31 March 1953, retirement age is at least 60 years and one month. For women born from 1 April 1953 to 31 June 1953, retirement age is at least 60 years and two months. etc. Women born after 30 September 1973 will reach retirement age of 67 in 2040 and men born after 30 September 1953 will reach retirement age of 67 in 2020.