6. At 60.5 years: France
In a bid to slash its current budgetary deficit, France aims to increase the retirement age from the current 60.5 years to 62 years by 2018. Apart from this, this increase aims to tackle the current unruly pension system. The new retirement plan also aims to increase levies on things such as stock options, capital gains and a number of other investment income, something that is being criticized by the national trade unions. Even with these hikes, France will still have one of the lowest retirement ages in the industrialized or developed world.
7. At 60 years: China
The retirement age for Chinese workers is 60 years for men and 55 years for females. However, the government is planning to push back the retirement age to something more manageable as there are way too many aging workers in the country today. The plan is to lift the retirement age across the board with male and female being asked to retire at the same age. The good thing with the Chinese employees is that the can be able to negotiate with their companies on whether to retire at the official age or continue working after the retirement age.
Hiking the retirement age is a good way of dealing with China’s aging population and ensure a healthy and stable social security development.
8. At 60 years: Austria, Australia and Belgium
Early retirement age for workers in Austria, Australia and Belgium is 60 years; however, they can opt to continue working until they are 65 years of age when they receive their full pension benefits.
9. At 61 years: Slovak republic
Workers in Slovak republic are expected to retire at the age of 61 for men and 58.7 for women. These retirement ages are expected to be increased to 65 years by 2050 as the country expect to have more aging population to support.
10. At 65 years: Sweden, Portugal, Switzerland, Spain, Mexico, New Zealand, Japan and Ireland
If you are a worker in any of the mentioned countries, then your retirement age is 65 years. This retirement age is expected to stay that way for a long, long time. Although the official retirement age in Sweden is 65 years, one is allowed to retire as early are 61 years and as late as 67 years.
All in all, the above retirement age list is not all inclusive, but it will give an insight of what to expect when it comes to retirement ages for different countries in the world.
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