Retirement age to rise as from 2021

The retirement age for male and female workers will increase from 60 and 55 at present to 62 and 60 respectively in 2035 under the revised Labour Code that was passed by National Assembly deputies on November 20.

The document, which sailed through the legislature with 90.06 percent approval, prescribes that in 2021, the retirement age for men will be 60 years and three months, while that for women will be 55 years and four months. The retirement age will then increase by three months for male and four months for female workers each year until it reaches the target.

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