Retirement age: Retirement age 68: Greece's employees will soon have to work longer
The EU Commission expects Greece to raise the statutory retirement age to 68 by 2030. A model for Germany?
Greece's working population will soon face the prospect of working longer, with the regular retirement age set to rise to 68 by 2030. This would make Greece and Denmark among the EU nations with the longest working lives. By 2080, the retirement age could even reach 72 years old, according to a new "Ageing Report 2027" by the European Commission.
The projection takes into account the consequences of aging on Europe's economy and is based on a mechanism in Greece since 2021 that links the retirement age to life expectancy. The retirement age has remained unchanged since its increase to 67 years during the debt crisis in the 2010s, but it was not adjusted during the last review in 2024 because the remaining life expectancy of 65-year-olds had only increased by less than one year compared to 2010, a result of the COVID-19 pandemic.
At the next review in 2027, the mechanism will likely take effect, and the early retirement age will also shift: from 62 years currently to 63 years from 2030 and eventually to 67 years by 2080. However, those who have accumulated at least 40 years of insurance contributions can still retire early at 62 years old.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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