Raising the retirement age for women: Deadlines now fixed

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An amendment to the law specifies the implementation of the retirement age increase for women, which was constitutionally fixed in 1992. The cut-off dates decided on Wednesday in the Social Affairs Committee of the ÖVP, Greens and SPÖ mean that some women will be able to start their pensions a little earlier than planned. Given different possible interpretations, “clarifications in conformity with the constitution” were made, said Minister Johannes Rauch (Greens).

From 2024, the standard retirement age for women will be gradually aligned with that of men, and by 2033 it will gradually rise from 60 to 65 years. The exact timetable will be fixed in the amendment to the Social Security Act to be passed by the National Council next week:

  • Women born between January 1 and June 30, 1964, will not be able to retire until they are 60.5 years old.
  • For those born in the second half of 1964, the standard retirement age will be 61.
  • This pattern continues in further half-year steps up to the 1968 birth year.
  • Like their male colleagues, women born after June 30, 1968, will not be able to take their regular retirement until they reach the age of 65.
  • This does not affect the provisions on early retirement (corridor pension). The gradual increase in the age limit already began in 2019.

Transitional provision for partial retirement schemes
There is a transitional provision for partial retirement arrangements: agreements already effective or approved by the AMS can be continued in the originally agreed form – irrespective of a possible earlier statutory retirement age. For new agreements in 2023, it is possible to grant partial retirement up to six months after the regular retirement age has been reached.

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