The European countries’ policies related to female participation in the labour market as well as approach to retirement ages have evolved in the course of the past two decades. This is the response to demographic, social and economic developments in Europe. After many decades of low and falling age of transition to retirement, women engage more in the labour market activity, and they also retire later. In this paper we look at the past and future evolution of transition from work to retirement of women. We also look at the current developments at the labour market as well as directions of changes in pension systems, from the gender equality perspective.