The retirement age for women is set at the age of 59 and will gradually increase to 63 in the next eight years. Also, the full contribution period for women, which is 32 years, will gradually increase to 34 years by 2024.

However, an exception may be made to women who raise five or more children. They can retire at the age of 56, three years earlier than the standard age.

At the same time, men can receive pensions if they are 63 years old and have a full contribution period of 34 years.

It should be mentioned that both men and women who have reached retirement age can receive a pension if they have an incomplete contribution period of at least 15 years.