Greece retirement age increase, Digi Mart USA News: Greek employees should prepare to work longer, as the regular retirement age could rise from the current 67 to 68 in 2030. According to the forecast, Greece would then share the longest working life in the European Union with Denmark.
By 2080, the retirement age could climb to as high as 72 years. These projections come from the new “Ageing Report 2027” of the European Commission, which examines the economic consequences of aging in Europe.
The forecast is based on a mechanism enshrined in Greek law since 2021 that links the retirement age to life expectancy. The age was raised to 67 during the sovereign debt crisis of the 2010s but has remained unchanged since then.
At the last review in 2024, the age was not adjusted because the remaining life expectancy of 65-year-olds had risen by less than one year compared with 2010, a effect attributed to the Covid-19 pandemic. The mechanism is now expected to take effect for the first time at the next review in 2027.
Early retirement would also be pushed back, from the current 62 to 63 years from 2030, and to 67 years by 2080. However, workers with at least 40 years of insurance contributions may still retire early at age 62.
