Greece considers raising retirement age after 2030

The Greek government is reviewing the statutory retirement ages of 62 and 67 years as part of a longer‑term response to an ageing population and rising dependency ratios. While officials say no immediate change is planned, actuarial studies and international forecasts suggest the limits could be increased by about 1.5 years around 2030.

Current rules require 40 years of contributions for retirement at 62 and at least 15 years for the 67‑year threshold. Five groups are exempt from any future increase, including those already entitled to a pension, beneficiaries of disability‑related provisions, workers in heavy or hazardous occupations, civil servants with special statutes, and people currently aged 57 who will reach 62 with the required contributions.

If the projected adjustments are adopted, workers who would reach the 62‑year mark after 2030 may have to wait until roughly 63.5 years, while younger cohorts could face multiple incremental raises, potentially delaying retirement to the mid‑60s or later. The reforms are driven by demographic trends such as a projected dependency ratio of 60 % for those over 65, a high ageing index and low fertility rates.