They are raising the retirement age. These people will work longer
There is no turning back. Czech President Petr Pavel signed the act on pension reform, which includes, among others: gradual extension of the retirement age. It is known who will work until the age of 67.
Czech President Petr Pavel signed the act on pension reform prepared by the government of Petr Fiala. It assumes a gradual extension of the retirement age to 67 years of age. Currently, our southern neighbors stop working at the age of 65 (this applies to both women and men).
The retirement age in the Czech Republic will increase
As mentioned, the retirement age in the Czech Republic will increase gradually. According to the Radio Information Agency, people born after 1988 will retire at the age of 67. The pension reform also includes, among others: reducing the basis for calculating benefits, as well as limiting the number of professions eligible for early retirement.
The government argues that changes in the system will provide enough money to pay pensions to today’s 30- and 40-year-olds in the future. Many experts say the same, according to whom the current pension system in the Czech Republic is unsustainable in the long term and leads to systematic indebtedness of the state.
– Instead of unrealistic populist actions that have systematically indebted the country, the government proposes a reasonable and long-term solution – argued Michal Veselý, a Czech pension expert, quoted by Money.pl.
The opposition has a different approach to this issue, announcing that if it takes power, it will abolish some of the assumptions of the pension reform, which it describes as “anti-social”.
Meanwhile, pension reform in Portugal will start at the beginning of next year. It assumes that the retirement age will increase to 66 years and 7 months, which means that citizens will work three months longer than currently. However, this is not the end of the changes, because in 2026 the retirement age is to reach 66 years and 9 months.
