When we compare the retirement age by country, we are going to see many different results. These results on the retirement age by country all over the world consist of between age of 60 and up to age of 70 and higher in some countries. In these levels depend on many diverse factors and circumstances absolutely. Let’s have a look the explanation on the retirement age by country. We did our detailed research on this subject and prepared this informative article for you. Then if you are ready, let’s move on to the content of the post.
Comparison of Retirement Ages
If we order from the young age to the older one, it comes with age of 60 South Africa first. Actually there is an interesting point on the retirement age in this country. The government have not impose any official age indeed. This preference is up to employees themselves. They are deciding their own retirement independently.While the official age of the retirement is age of 62, French men and women in the society can retire at an average 60.8. But still there is a controversial situation abour the retirement age in France.
Then with a slight difference comes Greece. Greek people can retire at the age of 60.85 but again there is another official age, 61.7. Also like in France there were some ongoing protests on the changing proposal of retirement age to 67. Belgian men and women legally might be retired at age of 65, but most people in the society actually take their retirement several years earlier. The official retirement age in Spain is gradually increased to 67 by 2027, but Spanish people are taking their retirement at age of 61.7. Whereas men might retire in Spain at 62.1, women in the same country take theri retirement at 61.3.
Higher than Age of 60
In Austria, the legal retirement age is 60 for women and age of 65 for men. In pther words the women generally tend to work for much longer than this age and usually retire at 60.8. But men can work for fewer duration and retire at 63.5. In Italian society, a man can retire at age of 63.3 even though an Italian woman work until they reach to the age of 61 and a half. But when we look the official statements in Italy, Italian men can retire at age of 66 and plus seven months and women just one year earlier than Italian men.
In Germany men can tend to retire at 64 years old, whereas German women can take their retirements a little younger at 63.6. But it is not the official retirement age of 65.
The official retirement age Danish men and women can have their retirement at age of 65, but this age is gradually increasing to 67 by the next year, and 68 by a decade later. While the official age of the retirement is age of 62, French men and women in the society can retire at an average 60.8. But still there is a controversial situation about the retirement age in France. Then with a slight difference comes Greece. Greek people can retire at the age of 60.85 but again there is another official age, 61.7.
The Oldest Retirement Age
Bu all these retirement ages are so much lower than the age levels in Japan and South Korea. When we compare these two countries with other countries that I mention in previous psragraphes, We are going to see a huge difference like ten years. Yes it is! Probably it is not surprising but the citizens in the society of Japan can work until they reach up age of 70 on apoproximately. As we all know that their life expectancy is the highest all over the world and they have the oldest population in among other countries.