Czech government mulling changes to retirement ages

A proposal currently being considered would raise the retirement age to 68 for some people. Staff ČTK

Written by StaffČTK Published on 13.02.2023 09:46:00 (updated on 14.02.2023) Reading time: 2 minutes

Retirement ages in Czechia may be changing, though a government spokesman says so far it is just a proposal.

People now in their 50s would retire at 66, those in their 40s at 67, and people younger than 34 at 68, Czech Television reported, citing a Labor Ministry document that the government parties discussed last week.

Government spokesman Václav Smolka said on Twitter that the government has not approved the change, and it is just a proposal made by economists. The Czech Television report misrepresented the situation by saying the document had been approved, he added.

"We understand that the debate about moving the retirement age is attractive for media. However it is necessary to respect the fact that the definitive proposal of the changes has not been finished yet," Smolka said.

Public will be informed when the plan is finalized

He added that the public would be informed about the final changes in time and there will also be a debate with the opposition on them.

Currently, the retirement age for men and childless women is 64. Women who raised one child can retire at 63 years and eight months, and women with two children at 62 years and eight months.

In 2030, the raising of the retirement age will stop at 65. The changes will not affect those who are at least 57 years old now.

Changes needed to keep pensions at a 'decent level'

If the retirement age is increased by another two years by 2060, the state would save 1 percent of GDP or CZK 73 billion per year, and if it is increased by three years, the state would save 1.5 percent of GDP or CZK 109.5 billion per year.

Finance Minister Zbyněk Stanjura told Czech Television that raising the retirement age must be discussed to maintain a decent level of pensions, he said.

Labor Minister Marian Jurečka proposes in the document that the retirement age increase gradually even after 2030, by two months every year.

Jurečka said people from demanding professions could retire sooner without sanctions. These professions concern about half a million people.

The opposition ANO movement is ready to negotiate about the pension reform, while Freedom and Direct Democracy (SPD) does not support the proposal.

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