Pension Increases Expected in 2027 with Retirement Reform
October 15, 2026
Pension increases are expected following the retirement reform, with some increases reaching up to 50%. The Ministry of Labor presented examples of these increases, which will take effect starting January 1, 2027. All retirees will see increases, albeit small ones, with low-income retirees benefiting the most. The Minister of Labor announced changes to the legislation for faster implementation of these increases. The process is expected to be completed soon, with the Labor Advisory Body meeting twice a week.