The increase in the retirement age will begin from the year 2026.
The Minister of Labor stated that the main reason for increasing the retirement age is that the average life expectancy rate has risen, and as a result, the support ratio of pension funds has decreased. The government proposed that over the course of the program, the retirement age for employees should increase by 3 months for each year.
These items that are now included in the Seventh Development Plan relate to the resolutions of the Parliament, and those who have 28 or 29 years of service are not affected. This law will be implemented starting from the beginning of the year 2026.