The government puts an end to early retirements before the age of 62 with the new insurance bill that is expected to be voted by the Parliament in September, based on the targets included in the Medium Term Plan.

According to “Eleftheros Typos” newspaper, employees would have to work for two more years.

The new measure will apply to mothers with minor children and to those who have already filed a claim for pension in 2011 and 2012.

According to the current law, mothers with minor children can get a full pension at the age of 55, 57 and 60 for 2010, 2011 and 2012 respectively and partial pension at the age of 50, 52 and 55 for 2010, 2011 and 2012 respectively.

However, according to the proposed bill mothers who have already filed a claim for pension since 2011 should work two more years. Nothing changes for those who have filed a claim for pension in 2010.

Based on the new insurance bill the age limits are:

– 59 years old for mothers with minor child and 5,500 workdays who have claimed for pension in 2011 – Full pension
– 62 years old for mothers with minor child and 5,500 workdays who have claimed for pension in 2012 – Full pension
– Age limits for reduced pension are 54 and 56 respectively for the above categories.
– The government thinks also to abolish the law on claiming pension after 25 years of work in public sector

The changes are expected to occur as of June and will be conducted in stages, as the benefits from the consolidation of social security funds will also be calculated.