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The average of statutory retirement age in the 34 countries of the Organisation for Economic Co-operation and Development (OECD) in 2014 was males 65 years and females 63.5 years, but the tendency all over the world is to increase the retirement age. [15]
Retirement age in Europe Country Men Women Year Notes References Albania: 65 61 2020 [1] Austria: 65 60 2018 In Austria the retirement age for women is to be equalized to the retirement age for men (65) by 2033. [2] [1] [3] Belarus: 62.5 57.5 2021 By 2022, the age will be 63 for men and 58 for women. [4] [5] Belgium: 66 66 2025
The retirement age in Norway is similar to the U.S. at 67. However, there are options for pension pay-outs starting around age 62. When it comes to the Mercer Index, Norway has a score just over 74.
The debate over the retirement age and the future of Social Security in the United States may have you curious about other countries. Check Out: Florida's Retirees Are Fleeing -- Experts Predict ...
Over the age of 65: elderly, senior citizens. The age structure of a country has a strong impact on society and the economy. If the proportion of 0–14-year-olds is very high, there may be a so-called youth bulge. If, on the other hand, the proportion of over 65 is very high, the social systems of a country can be heavily burdened.
Retirement should be a time of rest, relaxation, and entertainment. In some countries, you can retire well via a comfortable pension scheme. Certain countries even have retirement benefits ...
Of course, some European countries get trounced by both nations’ retirement benefits. The average retiree in Iceland rakes in government pensions of €2,762 ($3,090) each month, per Euro News.
The standard retirement age varies from country to country but it is generally between 50 and 70 (according to latest statistics, 2011). In some countries this age is different for men and women, although this has recently been challenged in some countries (e.g., Austria), and in some countries the ages are being brought into line. [11]