What Are Current Retirement Ages ? |
| Home | Elderly Abuse | Elderly Care | Elderly Health | Elderly Law | Death & Mourning | Retirement |
Every country has its own laws governing the age of retirement and the Social Security benefits associated with the retirement of a person. The age of retirement normally ranges from 55 to 70 depending upon the country, their economy and their future social and economical plans. Some countries have different ages of retirement for men and women, although it is being challenged.
The normal age of retirement in different countries, like European Union, the US and the UK, along with their employment statistics of people around and over age of retirement, as of 2005 are as follows:
| Name of the Country (in alphabetical order) | Current Age of Retirement |
Employed from the age bracket of 55 to 59 years | Employed from the age bracket of 60 to 64 years | Employed from the age bracket of 65 to 69 years | Employed from the age bracket of over 70 years |
| Austria | 65 for Men 60 for Women |
39 per cent | 7 per cent | 1 percent | 0 percent |
| Belgium | 65 | 45 per cent | 12 per cent | 1 percent | 0 percent |
| Denmark | 65 | 77 per cent | 35 percent | 9 percent | 1 percent |
| France | 60 | 51 percent | 12 per cent | 1 percent | 0 percent |
| Germany | 67 | 64 percent | 23 percent | 3 percent | 0 percent |
| Italy | 65 for Men 60 for Women |
34 percent | 12 percent | 1 percent | 0 percent |
| Netherlands | 65 | 53 percent | 22 percent | 3 percent | 0 percent |
| Spain | 65 | 46 percent | 22 percent | 0 percent | 0 percent |
| Sweden | 65 | 78 percent | 58 percent | 5 percent | 1 percent |
| Switzerland | 65 for Men 64 for Women |
77 percent | 46 percent | 7 percent | 2 percent |
| UK | 65 for Men 60 for Women |
69 percent | 40 percent | 10 percent | 2 percent |
| US | 66 | 66 per cent | 43 percent | 20 percent | 5 percent |
The normal age of retirement in the U.S. for receiving Social Security benefits or the Old Age Survivors Insurance (OASI) was set to sixty-five for full benefits, which has been increased to 67 now. The people who turned sixty-five in the year 2008 were given full benefits only at the beginning of their 66th year.
More Articles :
- Changes In Federal Law Enforcement Retirement Ages
- Retirement Ages In China
- Retirement Ages In Europe
- Social Security Retirement Ages
- What Are Current Retirement Ages ?
