The recent pension reform has agitated Russians. Below is a list of countries with the highest retirement ages.
10. Switzerland | M - 65 years old, F - 64 years old.
The pension system in the country has been operating since 1972, since then there have been no special changes in it. Only insignificant jumps in the retirement age took place. In 2018, it is 65 years for men, 64 years for women. But the legislative bodies of the country do not cease disputes about increasing the retirement age. This is explained by the fact that one fifth of the total Swiss population is people aged 64–65. The burden on able-bodied citizens to provide pension benefits is very high. Although the state is only responsible for providing the insurance part of the pension, this amount is minimal and is provided to everyone. If a person wants to receive a decent pension, he must take care of it himself. There are many additional ways and individual proposals for the formation of payments.
9. Sweden | 65 years
The age at which retirees in Sweden is 65 years. It was installed back in 1976. Then he was 67 years old, the government decided to lower it by 2 years. The country has the opportunity to go on a well-deserved vacation earlier, at the age of 61 years. In this case, the pension will consist of income and bonus parts. Nevertheless, the Swedes are not in a hurry to relax and continue to work until they are 65, when the amount of payments will be much larger. At the age of 65, an employee may not quit, but work up to 67 years. But when he reaches this age, the employer can fire him. At the moment, a bill is being considered that allows increasing the age limit of workers to 69 years.
8. Canada | 65 years
In Canada, both men and women retire at age 65. To obtain it, you need to observe some conditions. A state pension is granted only to those citizens whose term of residence in Canada exceeds 10 years, but only after entering a working age. Its value depends on the duration of residence in the country and, of course, on the value of income. Pension fund contributions are required for all working Canadians. The amount of the pension contribution is determined as a fixed percentage of the employee’s salary. It is paid in equal parts by the employee and the employer. Entrepreneurs and self-employed citizens pay full contributions.
7. Germany | 65 years and 7 months
The age at which they retire in Germany is 65 years and 7 months, without gender separation. Now the country is going through a gradual increase in the pension threshold from 65 to 67 years. This process occurs in stages from 2012 to 2029, until 2024 the pension threshold is raised annually by a month, after 2024 by two. Citizens whose work experience is 43 years or more have the opportunity to retire at 63 years. Germany has many retirement options for certain categories of citizens. Usually they leave early in case of loss of working capacity, with unemployment or liquidation of the organization.
6. Italy | 66 years and 7 months
In Italy, older people retire at 66 years and 7 months. Such a retirement age was established in January 2018. And a few years ago, its borders were lower. It is not surprising that in 2019 the pension threshold is expected to increase again, as the country is aging. However, Italians have the opportunity to leave for a well-deserved rest early. The system provides for such cases. But only newly arrived pensioners receive a fine - they lose some of their pension savings. Pension in Italy is funded. There is public and private provision. Non-working citizens can also count on pensions.
5. Spain | 67 years old
In Spain, the retirement age of 67 years is the same for men and women. Although more recently, it did not exceed the number 65. Life expectancy is the highest. Fertility and mortality are low. There is a tendency of demographic aging of the population. If this goes on, there will be no one to keep pensioners. Therefore, financiers in Spain are arguing not about whether to raise the pension threshold, but about how much and under what conditions. Most elderly people in Spain prefer to continue to work in retirement. In this case, they receive part of the pension payments, as well as various benefits for medical services and medicines.
4. USA | 67 years old
You can retire at the age of 67 in the United States. But this is only the recommended period. Every American decides for himself when to retire. But payments can not be claimed by people under the age of 62. There should be good reasons for their design at this age: illness, reduction due to liquidation of the company. In this case, a certain part of the pension will be paid. This option is chosen by 50% of Americans. You can retire at 70 years old, it is the most profitable from a financial point of view. The police and military have a retirement age different from the generally accepted one, it comes much earlier. True, most of them continue to work and build a career in these structures.
3. Norway | 67 years old
In Norway, the retirement age is 67 years, for both men and women. The average life expectancy here reaches 90 years. Norway is considered the country with the most transparent social system. Here are the best conditions for the elderly. Some companies retire at the age of 62. The size of Norwegian pension benefits depends on many factors: length of service, marital status and salary. In addition, they are provided with benefits for travel, for attending cultural events. Medicine for them is also completely free.
2. Denmark | 67 years old
In Denmark, the retirement age is 67 years, although until recently it was two years less. There is an opportunity to go to early retirement for people who are in the age group of 60 - 66 years. Pensions are not paid to all citizens. To get it you need to observe a number of conditions: to have citizenship, to reside in Denmark all the time, and the period of residence must exceed three years. Pension consists of two parts. The basic part is a certain amount, it is the same for all, pension supplements are paid depending on the income of the citizen, his position. Full state pension is paid only to those citizens whose residence period exceeds 40 years in this country. Employees are required to pay contributions to pension funds, then this money is included in their pension.
1. Japan | 70 years
In Japan, the retirement age is 70 years for men and women. As elsewhere, citizens have the right to reduce this period, but to the detriment of the amount of payments. Each Japanese is assigned a basic pension. It can be obtained upon reaching the age of 65 years. Some Japanese retire even earlier - at the age of 60, then its size will be cut by another 25%. Additionally, employees pay contributions, this is compulsory pension insurance. Often in Japan, pensioners have to earn extra money, the basic pension is not enough. A decent retirement can be counted on by those who have worked up to 70 years and regularly made deductions. Life expectancy is 84 years. There are fewer and fewer able-bodied people, and more and more citizens are provided.