Retired at the age of 67, not in 2056, but earlier - Manjani: We do not increase the age. We will speed up the implementation of the 2015 scheme
The government has denied the possibility of raising the retirement age, but has warned that the equalization of the age at 67 for both men and women will not happen in 2056 as the current scheme stipulates, but will happen sooner.
From the Parliamentary Committee of the Economy, where the budget for social security for the next year was discussed, Deputy. The Minister of Economy, Culture and Innovation, Olta Manjani, said that it has been proposed to accelerate the implementation of the increase in pensions, but without giving more information on what year the exit at the age of 67 will be made for men and women.
"We are categorically against the proposal that came from the World Bank to increase the retirement age. We do not want the retirement age to increase further, despite the insistence of international institutions, because the aging of the population is also coming at a fast pace and there should be more years of contributions in order to benefit from a higher pension. However, we have proposed to speed up the implementation of the increase in pensions, so that it will not be the year 2056 when there will be an equalization of them."
Currently, the retirement age for women is 61 years and 8 months, while in order to receive a full pension, 38 years and 4 months of contribution period must be completed. After reforming the scheme in 2015, the retirement age for women has changed, increasing by 2 months year after year. The formula formalized almost a decade ago determines that in 2044 the retirement age for women will reach 65 years to reach 67 years in 2057.
Whereas, for men, the retirement age is 65 years old and will remain so until 2032. After this year, the retirement age for men will start to increase by 1 month every year. That said, in 2023, in order to benefit from an old-age pension, in addition to the contribution period, which will be 40 years, the age criterion, which is 65 years and one month, must also be met.
The aim of the scheme is to equalize the retirement age between men and women, at 67 years old in 2056.
But the Deputy Minister of Economy, Culture and Innovation has warned of an acceleration of this threshold, which means that the increase in the retirement age to 67 may happen earlier.
For almost a year, in cooperation with the World Bank, the Government has started the review of the current pension scheme, however, the pillars where it will be intervened are still left with question marks.
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