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President signs off on higher retirement age


President Bronislaw Komorowski on 1 June signed into law the government’s pension reform legislation that lifts the retirement age to an equal 67 years for both men and women, up from 65 and 60 years at the moment, respectively. The change will be phased in gradually from 2013 until 2020 for men and until 2040 for women. The bill also provides for so-called “partial pensions”, an early option equalling 50% of the full pension available to men at 65 years with at least 40 years of premium payment and to women at 62 years with minimally 35 years of premium payment.

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