Retirement age

In 2026, people born in 1961 reach retirement age — their retirement age is 65 years. The retirement age depends on the year of birth. Since 2017, it has been gradually increasing and continued to rise until 2026, when it reached 65 years.

Starting from 2027, the old-age retirement age will be 65 years plus an adjustment based on changes in the life expectancy of 65-year-olds. If life expectancy increases, the retirement age will increase accordingly, and vice versa. The retirement age may not be increased by more than three months per calendar year. Each change in retirement age is set by a government regulation two years before the planned adjustment.