Labor Law Amendments in Montenegro Take Effect: Increased Retirement Age
In Montenegro, amendments to the Labor Law have taken effect today, raising the mandatory retirement age from 66 to 67 years, with at least 15 years of service, reports RTCG.
TL;DR
- Montenegro's Labor Law amendments have raised the mandatory retirement age from 66 to 67 years, requiring at least 15 years of service.
- The change aims to address shortages in the labor market, especially among doctors.
- The opposition fears the policy could lead to inflation and imbalance in pension and health funds.
- Demographic trends, including an aging population, are cited as contributing factors to increased costs for health and pension funds.