Europe News
Czech Republic to gradually raise retirement age to 65
Aug 5, 2008, 16:57 GMT
Prague - Czech President Vaclav Klaus signed a law Tuesday that gradually raises the country's retirement age to 65, his office said.
Czech men currently retire at around 62 years of age, while women usually at around 59.
Under the new law, all men, childless women and mothers of one will retire at 65 from 2030. Mothers of two and more children will retire up to three years earlier.
The legislation also extends the period during which Czechs must work and pay their pension insurance from 25 to 35 years.
The measures are part of pension reform plans by the center-right government of Prime Minister Mirek Topolanek, which aims to overhaul the system in the face of the Czech Republic's ageing population.
COMMENT
blog comments powered by DisqusLatest Headlines in Europe
- 1. Pope in Easter message calls for peace and religious tolerance
- 2. Magnificent Messi leads Barcelona to ninth straight win
- 3. Pope leads Easter vigil, calls for "true enlightenment"
- 4. Barcelona increase pressure on Real with romp in Zaragoza
- 5. Pope Benedict XVI leads Easter Vigil
Older Talkback
