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Home In Brief

Finance ministers seeks to raise retirement age for women to 65

by  ILH Financial Desk
Published on  07-22-2021 09:08
Last modified: 07-22-2021 09:30
Finance ministers seeks to raise retirement age for women to 65Marc Israel Sellem/Pool

Finance Minister Avigdor Lieberman | File photo: Marc Israel Sellem/Pool

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Finance Minister Avigdor Lieberman plans to gradually raise the retirement age for women in Israel from 62 to 65 according, financial daily Globes reported on Wednesday. There are currently no plans to revise the retirement age for men, which stands at 67.

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According to the report, the retirement age for women will be raised from 62 to 63 by 2024, and from 63 to 65 by 2032.

Lieberman noted that in most Organization for Economic Cooperation and Development member-states, the retirement age for women and men is similar.

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