Minister of Social Affairs Announces Increase in Retirement Age in Tunisia's Private Sector
The Minister of Social Affairs, Malek Ezzahi, announced on Wednesday, May 1st, 2024, in an official statement and during an interview on National Radio, a revision to increase the retirement age in Tunisia's private sector.
Currently set at 62 years old, this measure, which can be extended up to 65 years with the employer's agreement, aims to harmonize the public and private retirement systems. Its objective is to consolidate social security while preserving the balance of social security funds. This decision comes in a global context marked by demographic and economic challenges related to an aging population.
While this reform is welcomed by some for its financial sustainability, it raises concerns about its impact on workers, particularly those in physically demanding jobs. However, it is part of the government's ongoing efforts to modernize the social security system, ensuring dignified living conditions for retirees while supporting long-term economic growth.