This article lists the statutory retirement age in different countries. In some contexts, the retirement age is the age at which a person is expected or required to cease work and is usually the age at which they may be entitled to receive superannuation or other government benefits. Retirement Age varies from a minimum of 45 years in Turkey to 70 years in Australia. Policy makers usually consider the demography, fiscal cost of ageing, health, life expectancy, nature of profession, supply of labour force etc while deciding the retirement age.
Retirement age by country
*Note: disputed territory.
The average of retirement age in the 34 countries of the Organisation for Economic Co-operation and Development (OECD) is males 65 years and females 63.5 years, but the tendency all over the world is to increase the retirement age. This is also reflected by the findings that just over half the Asian investors surveyed region-wide said they agreed with raising the retirement age, with a quarter disagreeing and the remainder undecided.
Reforms tend to be phased-in slowly when the retirement age (or pension age) is increased, with grandfathering ensuring a gradual change. In contrast, when the age of retirement is decreased, changes are often brought about rapidly.
One such example of grandfathering are the transitional pension rules which were applied for staff aged 54 years or older, and to some extent for all staff in place, when in 2014 the retirement age of European civil servants was increased to 66 years of age.
- In Austria the retirement age for women is to be equaled to the retirement age for men in 2033.
- In Azerbaijan the retirement age for women is to be increased gradually and reach 60 years in 2016.
- The retirement age in China currently is 60 for men and 55 for female civil servants and 50 for female workers.
- In the Czech Republic the retirement age for women depends on the number of children.
- In Estonia the retirement age for women is to be increased gradually and equaled to the retirement age for men in 2016. Later the retirement age for both sexes is to be increased gradually and reach 65 years in 2026.
- In France the retirement age is to be increased gradually to 68 years. See also: Pensions in France.
- In Germany the retirement age is to be increased gradually and reach 67 years in 2029. See also: Pensions in Germany.
- Retirement age for civil servants hired after 1993 (in Greek). Some exceptions apply for special categories, ie mothers with 3 or more children under 18 etc. These age requirements however are expected to change from 2013 and on and are expected to increase by at least one year.
- In 2014, the retirement age in India for government staff was rolled back from 60 to 58.
- In Ireland the retirement age is to be increased gradually and reach 68 years in 2028.
- In South Korea, no legal age limit is set for South Koreans to retire but all government offices and most private-sector businesses retire their workers at between 56 and 58.
- In Lithuania, the retirement age for women is 60 and 62.5 years for men in 2011, and will be increased by 4 months per year for women and 2 months per year for men from 2012, until it reaches 65 years in 2026.
- In Malaysia, The Congress of Unions of Employees in the Public and Civil Services (Cuepacs) wants the government to consider extending the retirement age for civil servants from 60 to 62, but the government has no immediate plan to extend it as the current retirement age is deemed as sufficient.
- In Malta the retirement age is to be increased gradually to 65 years.
- In the Netherlands the retirement age is to be increased gradually and reach 67 years in 2025.
- See: Pensions in Norway.
- In Romania the retirement age is to be increased gradually and reach 65 years for men and 60 years for women in 2014. Then starting in 2015 the retirement age for women is to be increased gradually until equal to the retirement age for men in 2030.
- In Saudi Arabia, the retirement age is based on the Hijiri (lunar) calendar.
- In Singapore, the Retirement Age Act (RAA) has been replaced by the Retirement and Re-employment Act (RRA) in 2012. Under the RRA, the statutory minimum retirement age is still 62, but employers are now required to offer re-employment to eligible employees who turn 62, up to the age of 65.
- In Slovakia the retirement age for women depends on the number of children. The retirement age for women is to be increased gradually and reach 62 years (regardless of the number of children) in 2014.
- See also: Pensions in Spain.
- In 1999 the retirement age was changed from 48 for men and 38 for women.
- In Ukraine the retirement age is to be increased gradually to 60 years for women and 62 years for men-civil servants by 2021.
- In the UK the retirement age for women is to be increased gradually and equaled to the retirement age for men in 2018. Later, the retirement age for both sexes is to be increased gradually and reach 68 by 2046 or sooner.
- The earliest age workers may statutorily receive Social Security benefits and Medicare. Retirement Age in the US
- Vietnam may gradually raise its retirement age to 62 for men and 60 for women to avert a possible bankruptcy of its pension system in the next two decades.
- "Setting an Ideal Retirement Age!". Centre for Public Policy Research (CPPR).
- Інформація про поточний пенсійний вік у різних країнах, Консультаційна компанія "Стратегія Лайф" .
- "Age Pension". humanservices.gov.au.
- 2009 Ageing Report: Economic and budgetary projections for the EU-27 Member States (2008–2060). Joint Report prepared by the European Commission (DG ECFIN) and the Economic Policy Committee (AWG), , p. 78.
- Kłos B., Wiek emerytalny kobiet i mężczyzn, “infos”, 7.02.2008
- "¿El trabajador que ha cumplido la edad de 65 años si es hombre o 60 años si es mujer, está obligado a seguir cotizando en la AFP a la cual se encuentra afiliado?". dt.gob.cl.
- "Retirement age will be pushed back". china.org.cn.
- "Pensiones - Colpensiones". mintrabajo.gov.co.
- Winanti R, Anastasia (9 January 2014). "Indonesia Extends Retirement Age". The Jakarta Globe (Jakarta: BeritaSatu Media Holdings). Retrieved 10 March 2015.
- "Previdenza obbligatoria". lavoro.gov.it.
- "Parliament tentatively agrees to extend retirement age to 60". Yonhap News Agency (Seoul: Yonhap News Agency). 22 April 2014. Retrieved 10 March 2015.
- Bitinas, Audrius; Maccioni, Alessandro Fiori. "Lithuanian Pension System’S Reforms Transformations and Forecasts" (PDF). Universal Journal of Industrial and Business Management (Horizon Research Publishing) 2(1): 13–23. doi:10.13189/ujibm.2014.020103. Retrieved 11 March 2015.
- Seputyte, Milda (9 June 2011). "Lithuania Raises Retirement Age to 65 to Help Narrow Budget Gap". Bloomberg (Vilnius: Bloomberg L.P.). Retrieved 11 March 2015.
- Cheng, Dorothy (30 June 2013). "Bosses, workers welcome retirement at 60". theSundaily (Kuala Lumpur: Sun Media Corporation Sdn. Bhd.). Retrieved 10 March 2015.
- email@example.com. "65 years or older". workandincome.govt.nz.
- "Page Not Found". thepeninsulaqatar.com.
- Kancelaria Sejmu RP. "Internetowy System Aktów Prawnych". sejm.gov.pl.
- Raquel Martins. "Idade da reforma passa para os 66 anos em 2014". PÚBLICO.
- "Varste de pensionare - pensiineamt.ro". pensiineamt.ro.
- "Communists oppose government initiative to raise pension age". RT. 22 April 2015. Retrieved 23 April 2015.
- Abdul Ghafour, P.K. (6 May 2014). "62 to be the age of retirement". Arab News (Jeddah: Saudi Research & Publishing Company). Retrieved 10 March 2015.
- Ministry of Manpower (25 February 2015). "Retirement and Re-employment Act". Singapore: Government of Singapore. Retrieved 10 March 2015.
- "Vietnam may lift retirement age to save pension fund". Thanh Nien News (Ho Chi Minh City: Vietnam’s Youth Association). 13 May 2014. Retrieved 10 March 2015.
- Scott, John (25 June 2014). "Aging Australians Balk at World’s Oldest Retirement Age". Jakarta: BeritaSatu Media Holdings. Retrieved 10 March 2015.
- "Asians Want To See Official Retirement Ages Rise – Manulife Survey". Hong Kong: The Manufacturers Life Insurance Company. 22 May 2014. Retrieved 10 March 2015.
- Catherine Blair (8 August 2014). Securing Pension Provision: The Challenge of Reforming the Age of Entitlement. Palgrave Macmillan. p. 107. ISBN 978-1-137-45397-6.
- Irene Souka (July 2013). "Review of the Staff Regulations" (PDF). p. 12.
- "Pensionikeskus". pensionikeskus.ee.
- "Greece MPs approve new austerity budget amid protests". BBC News.
- Siwach, Sukhbir (26 November 2014). "BJP rolls back Hooda government's decision on retirement age". The Times of India (New Delhi: Bennett, Coleman & Co. Ltd.). Retrieved 10 March 2015.
- "Emeklilik Yaşını Bekleyenler". sgk.gen.tr.
- "Рада приняла пенсионную реформу, повышающую пенсионный возраст". РИА Новости.
-  See also: Pensions in the United Kingdom.