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. 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
|This article is outdated. (September 2015)|
Many of the countries listed in the table below are in the process of reforming the ages (see the notes in the table for details). The ages given in the table reflect the age at which one retires if they retire/have retired in the year given in the table; the trend in some countries is that in the future the age will increase gradually (where available, explanations are given in the section on notes), therefore one's year of birth determines when one has the age of retirement (e.g. in Romania women born on January 1955 had the retirement age in January 2015 at age 60; those born on January 1958 will retire in January 2019 at age 61; those born on January 1961 will retire in January 2023 at age 62; those born on January 1967 will retire in January 2030 at age 63).
|Australia||65||65||2015||In Australia the retirement age is to be increased gradually to 67 years by 2023.|||
|Austria||65||60||2015||In Austria the retirement age for women is to be equalized to the retirement age for men (65) by 2033.|||
|Azerbaijan||62||59.5||2012||In Azerbaijan the retirement age for women will be 60 years in 2016.|||
|Belgium||65||65||2015||By 2030, the age will be 67.|||
|Bosnia and Herzegovina||65||65||2011|||
|Canada||65||65||The standard age to begin receiving a CPP retirement pension is when one attains age 65 (the month following the 65th birthday). However, one may receive a reduced CPP retirement pension as early as the month following the 60th birthday. Alternatively, one may receive an increased pension after reaching age 65. Canada also has a pension supplement with different rules called Old Age Security (OAS).|||
|China||60||50–55||2011||The retirement age in China currently is 60 for men and 55 for female civil servants and 50 for female workers.|||
|Croatia||65||61y3month||2015||By 2038 there will be an equal age for women and men set at 67. (Women's age will reach 65 in 2030 and 67 in 2038).|||
|Czech Republic||62y10month||58-62||2015||In the Czech Republic the retirement age for women depends on the number of children. By 2041 the age will be 67.|||
|Denmark||65||65||2015||In Denmark, the retirement age will be increased gradually to reach 67 years by 2022. From 2030 onwards, it will be increased a maximum of one year every five years depending on increases in average lifespan.|||
|Estonia||63||62y6month||2015||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.|||
|France||65||65||2015||In France the retirement age is to be increased gradually to 67 years by 2023. See also: Pensions in France.|||
|Germany||65y3month||65y3month||2015||In Germany the retirement age is to be increased gradually and reach 67 years in 2029. See also: Pensions in Germany.|||
|Hungary||62y6month||62y6month||2015||The age will be 65 by 2022.|||
|India||60||60||2014||In 2014, the retirement age in India for government staff was rolled back from 60 to 58.|
|Ireland||66||66||2015||In Ireland the retirement age is to be increased gradually and reach 68 years in 2028.|||
|Korea, Republic of||56–58||56–58||n/a||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.|||
|Latvia||62y6month||62y6month||2015||The age will be 65 by 2025.|||
|Libya||65||65||1980||The age is 60 if in hazardous or unhealthy occupations.|
|Lithuania||63y2month||61y4month||2015||In Lithuania, the retirement age will be 65 for both men and women by 2026.|||
|Malaysia||60||60||2013||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.|||
|Malta||62||62||2015||In Malta the retirement age is to be increased gradually to 65 years by 2027.|||
|Mexico||65||65||2015||Retirement age is expected to be increased in the coming years.|
|Netherlands||65y3month||65y3month||2015||In the Netherlands the retirement age is to be increased gradually and reach 67 years in 2024.|||
|Norway||67||67||2011||See: Pensions in Norway.|
|Poland||65y7month||60y7month||2015||In Poland the retirement age is to be increased each quarter to reach 67 years for men in 2020 and to be equaled for women in 2040.|||
|Romania||65||60||2015||The age for women is being increased gradually. It will reach 63 by 2030.|||
|Saudi Arabia||62||62||2014||In Saudi Arabia, the retirement age is based on the Hijiri (lunar) calendar.|||
|Singapore||62–65||62–65||2012||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.|||
|Slovakia||62||58y3month-62y||2015||In Slovakia the retirement age for women depends on the number of children. The retirement age will be equalized for men and women at 62 in 2017.|||
|Spain||65y3month||65y3month||2015||The age will be increased at 67 by 2027. See also: Pensions in Spain.|||
|Switzerland||65||64||2015||The age will be equalized at 65 by 2020.|||
|Trinidad and Tobago||60–65||60–65||2015|||
|Turkey||60||58||2014||In 1999 the retirement age was changed from 48 for men and 38 for women. [clarification needed]|
|Ukraine||60||57||2015||In Ukraine the retirement age is to be increased gradually to 60 years for women and 62 years for men-civil servants by 2021.|||||
|United Kingdom||65||62y4month||2015||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.|||
|United States||66||66||2015||The earliest age workers may statutorily receive Social Security benefits and Medicare. Retirement Age in the US The age will increase to 67 by 2027.|||
|Vietnam||60||55||2011||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.|||
*Note: disputed territory.
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. 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.
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