Latvia -Retirement age to be increased from 2014 -June 14, 2012

A proposal to increase the retirement age will be applied slower than previously planned. This was decided during the third and final reading in the Latvian parliament (the Saeima). The current retirement age of 62 will be raised by three months every year, starting from 2014, until it will reach 65 in 2025. The minimum insurance record will also be raised to 15 years and to 20 years starting from 2025.


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