Sunday, January 03, 2010

Slovenia: Pension Reforms Include Raising Retirement Age

Slovenia faces a new reform of its pension system in 2010. The blueprint presented in September 2009 envisages among other things the raising of the full retirement age to 65 for both men and women, a measure unacceptable for trade unions. In line with the plans unveiled by the government, changes would be introduced gradually between 2011 and 2020, with the turning point coming in 2015, which would count as the formal starting year for the new pension system.

The new system would include everyone under 55 at that point. All other citizens would fall under an updated version of the existing system. The changes envisage the raising of the minimum retirement age from 58 to 60 years, while full retirement would come at 65. In line with the existing reform from 2000, the full retirement age will stand at 63 for men and 56 years and eight months for women in 2010. It was planned to eventually rise to 61 for women.

Source: Government Communication Office "2010 Brings Pension Reform" (January 2, 2010)

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