Time in retirement in Czechia extended by nearly 10 years since 1989

In 2023, the average duration of retirement in Czechia reached 24.62 years, an increase of 25 days compared to the previous year. The Czech Statistical Office (ČSÚ) writes that this marks a significant rise from 1989, when the average time in retirement was nearly 10 years shorter. The length of time spent in retirement has more than doubled in the last 50 years. Men saw a slight increase in pension duration last year, while women experienced a slight decline. Delayed retirement age adjustments help slow the growing duration of retirement, with the retirement age expected to reach 65 by the next decade.