This Monday (5th May, 2014), the Shoura Council voted to increase the retirement age in Saudi Arabia from 60 years to 62 years. The number of years will be calculated as per Hijri calendar. (Which is equivalent to 60 years 48 days in terms of solar/ Gregorian calendar)
The motion was very closely passed in Shoura Council will 59 in favor and 56 against the motion.
Source : Arab News, Saudi Gazette