Greece Mulls Higher Retirement Age and Ending Mandatory Pension Exit

Greek policymakers are revisiting retirement rules as demographic forecasts predict longer life expectancy and an ageing workforce. International actuarial studies and OECD projections have revived discussion on raising the statutory retirement age after 2030. Currently, full pension benefits are available at age 62 after 40 years of contributions, or at age 67 with at least 15 years of contributions, and the law requires periodic review of the age limits. No definitive decision on an increase has been made, but scenarios suggest a gradual rise of up to 1.5 years over time.

In parallel, the OECD has urged Greece to abolish compulsory retirement, allowing workers who have met pension entitlement to stay employed if they wish. The proposal seeks to retain experienced staff amid labour shortages. Today, Greece enforces mandatory retirement for public‑sector employees at 67, with limited exceptions, while the private sector follows a different regime.