Average pension age increasing

According to data by the University of Łodz the average age most Poles retired at increased from 57 in 1992 to 59 in 2014.

The figure was raised mostly by women, whose average increased from 55 years in 1992, when Poland was just transitioning into a market economy – to 59 last year.

The reason for this is that “By 2008, 80-90 percent of females retired well before retirement age. Today, less than half of the women on the workplace retire early,” Wiktor Wojciechowski, Chief Economist at Plus Bank, told the Rzeczpospolita daily.

One reason for this is social: Many women do not want to solely take care of their grandchildren in their autumn years.

Poland increased its retirement age in 2013 to 67 for both sexes – up from 65 for men and 60 for women. (rg)

Source: Rzeczpospolita