People who are born in 1955 and after that, their retirement age and career will be extended- the new legislation will be effective from the 1st of January 2017.

The lower limit of the retirement age will gradually increase from the current age limit of 63 years to 65 years. The coming change will affect the people who are born in 1955 and people who are younger than that. People who are born in 1962, are the first age group whose retirement age lower limit is 65 years. People who are born in 1965 or after that, their retirement age limit will be connected to life development. The changes in retirement age limit will affect every working area. The president approved the legislation on Friday the 29th of January.