As the pension scheme is expected to be revised, starting in 2026, the retirement age for women will change, as well as the years of seniority for both genders, according to changes that came into effect in January 2015. The reform undertaken 11 years ago envisaged a gradual increase in age and seniority, which is directly related to the pension amount.
Thus, this year a woman must be 62 years old in order to meet the retirement criteria. With the amendments made to the law "On Social Security", an increase in the retirement age by two months per year is foreseen, reaching 63 years old in 2032. Then the age increase will also begin for men, reaching 67 years old in 2056, for both sexes.
But, although men are not immediately affected by the extension of the retirement age, they are affected by the increase in years of seniority in work. This means that, if a man, in December 2014, should have 35 years of seniority, from January 1, 2026 he should have 39 years. The same logic applies to women, whose years of seniority in work increase in parallel with age. Referring to the legislation in force, the gradual increase in seniority directly affects the amount of the old-age pension, since it is one of the components of the formula for its calculation. According to the formula, the pension consists of a basic amount, which is equal to the social pension, multiplied by the years of insurance that each person has, divided by the years of seniority in work.
Retirement age, in 2026
65 year old man
Women 62 years old
Seniority in work
Year 2025 38 years and 8 months
Year 2026 39 years
/Scan.al/
