New rules to the Croatian pension scheme could see the retirement age extended a further two years to 67. The government have put forward a range of proposals and changes to the current pension scheme and one could see the age limit pushed forward a further two years.
And even when you reach 67 pensioners will still have the right to work under the new laws. Pensioners could work up to four hours a day and still receive a full pension, if the proposals are accepted.
There are also fundamental changes to the size of state pension. Under the proposal those with an average salary would receive a pension of some 2,980 kuna (€401), if they receive it from both pillars. Should they switch only to the first pillar, their pension would increase by 603 kuna (€81), reaching 3,583 kuna (€482).
It is estimated that there are some 1.2 million pensioners in Croatia, opposed to some 1.4 million full-time employees whose contributions finance the pension system. Some 19.2 percent of the entire population is estimated to be older than 65, and the average pension is around 3,400 kuna (€461).