Retirement in Europe

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Retirement age differs in European countries and is a matter of debate across Europe, because of an aging population.

Retirement age by country[edit]

Main article: Retirement age
Retirement age in Europe
Country Men Women Year Notes References
Albania 65 60 2012 [1]
Austria 65 60 2015 In Austria the retirement age for women is to be equalized to the retirement age for men (65) by 2033.[2] [1][3]
Belarus 60 55 2007 By 2022, the age will be 63 and 58.[4] [5]
Belgium 65 65 2015 By 2030, the age will be 67.[2] [5]
Bosnia and Herzegovina 65 65 2011 [1]
Bulgaria 64 (and 4 months) 61 (and 4 months) 2015 [2]
Croatia 65 61 (and 3 months) 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).[2] [2]
Cyprus 65 65 2011 [1][3]
Czech Republic 62 (and 10 months) 58-62 2015 In the Czech Republic, in the year 2015, men had the retirement age of 62years10months and women had it between 58 and 62, depending on number of children.[6][7] In Czech Republic, the retirement age is in the process of being increased, and therefore depends on year of birth (for individuals born after 1977 it may exceed even 67. e.g. a person born in year 1995 must be at least 70 years old.[8]) For women the retirement age depends on the number of raised children as well.[9] For people born in 1975, the retirement age will be the same (66y8m) regardless of sex and number of children raised; and this age will reach 67 for people born in 1977. [7]
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.[10][11] [3][5]
Estonia 63 63 2016 The retirement age for both sexes is to be increased gradually and reach 65 years in 2026.[12] [3][5]
Finland 65 65 2008 [3]
France 62[13] 62[14] 2015 In France the retirement age is to be increased gradually to 67 years by 2023. See also: Pensions in France. [1][3]
Germany 65 (and 3 months) 65 (and 3 months) 2015 In Germany the retirement age is to be increased gradually and reach 67 years in 2029. See also: Pensions in Germany. [3][5]
Greece 67 67 2015 [2]
Hungary 62 (and 6 months) 62 (and 6 months) 2015 The age will be 65 by 2022.[2] [2]
Iceland 67 67 2007 [5]
Ireland 66 66 2015 In Ireland the retirement age is to be increased gradually and reach 68 years in 2028.[2] [1][3][5]
Italy 66 (and 3 months) 63 (and 9 months) 2016 The age will be 67 for men and women by 2021 [15]
Latvia 62 (and 6 months) 62 (and 6 months) 2015 The age will be 65 by 2025.[2] [2]
Liechtenstein 64 64 2007 [5]
Lithuania 63 (and 2 months) 61 (and 4 months) 2015 In Lithuania, the retirement age will be 65 for both men and women by 2026.[2] [2][16][17]
Luxembourg 65 65 2011 [1]
Macedonia 64 62 2011 [1]
Malta 65[18] 65[19] 2015 In Malta the retirement age is to be increased gradually to 65 years by 2027.[2] [2]
Republic of Moldova 62 57 2015 [1]
Montenegro 65 60 2013 [1]
Netherlands 65 (and 3 months) 65 (and 3 months) 2015 In the Netherlands the retirement age is to be increased gradually and reach 67 years in 2024.[2] After 2024 it will be linked to the average life expectancy. [1][3]
Norway 67 67 2011 See: Pensions in Norway.
Poland 65 60 2016
Portugal 66 66 2014 [20]
Romania 65 60 (and 1 month) 2017 The age for women is being increased gradually. It will reach 63 by 2030.[21] [22]
Russian Federation 60 55 2015 [23]
Serbia 65 60 2011 [1]
Slovakia 62 58 (and 3 months)-62y 2015 In Slovakia the retirement age for women depends on the number of children.[citation needed] The retirement age will be equalized for men and women at 62 in 2017.[2] [3]
Slovenia 65 65 2015 [2]
Spain 65 (and 3 months) 65 (and 3 months) 2015 The age will be increased at 67 by 2027.[2] See also: Pensions in Spain. [1][3]
Sweden 61–67 61–67 2014 [3][5][24]
Switzerland 65 64 2015 The age will be equalized at 65 by 2020.[2] [5]
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.[25] [1][26]
United Kingdom 65 64 2017 Retirement age to be equalized at 65 in 2018. Increasing to 66 by 2020, 67 by 2028 and 68 by 2046. [27]

See also[edit]

References[edit]

  1. ^ a b c d e f g h i j k l m n Інформація про поточний пенсійний вік у різних країнах, Консультаційна компанія "Стратегія Лайф" [1].
  2. ^ a b c d e f g h i j k l m n o p q r s t "Etk.fi - Avain asiantuntijan työeläketietoon". etk.fi. Retrieved 23 July 2016. 
  3. ^ a b c d e f g h i j k l 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), [2], p. 78.
  4. ^ http://www.belta.by/infographica/view/pensionnyj-vozrast-v-belarusi-2908/
  5. ^ a b c d e f g h i j Kłos B., Wiek emerytalny kobiet i mężczyzn, "infos", 7.02.2008
  6. ^ http://www.etk.fi/en/the-pension-system-2/the-pension-system/international-comparison/retirement-ages/
  7. ^ a b http://www.cssz.cz/en/pension-insurance/old-age-pension.htm
  8. ^ Part 3 of paragraph 32 of Czech law 155/1995
  9. ^ Czech Social Security Administration: Old-age Pension
  10. ^ "Adjust your savings to match your retirement expectations". english.pfa.dk. Retrieved 23 July 2016. 
  11. ^ "Denmark has world's best pension system - The Local". thelocal.dk. Retrieved 23 July 2016. 
  12. ^ "Pensionikeskus". pensionikeskus.ee. 
  13. ^ except for salaries born before 1955.
  14. ^ except for salaries born before 1955.
  15. ^ "Età pensionabile". 
  16. ^ 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. 
  17. ^ 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. 
  18. ^ for those born after 1962.
  19. ^ for those born after 1962.
  20. ^ Raquel Martins. "Idade da reforma passa para os 66 anos em 2014". PÚBLICO. 
  21. ^ http://www.cjpensiiarad.ro/pensii6.php
  22. ^ "Casa Judeteana de Pensii Arad". cjpensiiarad.ro. Retrieved 23 July 2016. 
  23. ^ "Communists oppose government initiative to raise pension age". RT. 22 April 2015. Retrieved 23 April 2015. 
  24. ^ "Pensionsåldern varierar världen över" (in Swedish). Dagens nyheter. 26 March 2014. Retrieved 16 January 2017. 
  25. ^ "Рада приняла пенсионную реформу, повышающую пенсионный возраст". РИА Новости. 
  26. ^ "Ukraine Needs a Smaller and More Humane State – VoxUkraine". voxukraine.org. Retrieved 23 July 2016. 
  27. ^ https://www.nidirect.gov.uk/articles/check-your-state-pension-age

External links[edit]