The average age of retirement in Europe differs from fifty-seven years in places like Luxembourg to 63 years in Ireland, fifty-eight years in country of France to 62 in Portugal and Sweden, 59 in Austria, Greece, Italy and the U.S. to sixty-one in Denmark. The age of retirement in Germany, Netherlands and Spain is 60.

A few countries in Europe are considering about going for the standard EU target, nonetheless less aggressively, due to the smoothness functionality in the labor market. For instance, Greece and Portugal have considerable employment rates among the old aged people’s sector because of their unstable systems in paying pensions. In Portugal, 30 per cent of total men’s population and 18 percent of total women population stay active with regards to contributing to the labor sector after they pass through age of sixty-five. They usually work in small-scale companies or in farms.

Sweden is one European country wherein most of the people over the age of 55 years are employed. The years in 1950 saw the various unions; representatives from the government and employers came up with some reforms that were created to boost up the economy of the country and to deal with the declining number of employed people. There was no law passed which discriminated the employees on the grounds of age.

However, there were 3 enactments, with long-standing focus on economic and social developments were passed tackle their existing issues in employment. Their strategy went on to become a success as by 1985, over 75 percent of the people between 55 to 64 years of age were working. Their EU average was under 55 percent during that time. It, however, dropped in Sweden in the years around 1990s when its economy was going through a rough phase, but the discrepancy with EU continued to remain almost constant.

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