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Primer on Retirement Ages

Posted by on Sep 7, 2010 in Retirement | 0 comments

In Canada, a full pension starts at 65 (those 60-plus can choose to start getting their pension earlier, in return for a permanent reduction in monthly payments).

As France is faced with a series of strikes because the government proposes an increase in the normal retirement age from 60 to 62, it is interesting to note retirement ages in other countries reported a National Post article courtesy of the AARP International.

Australia: 65 (men), 62.5 (women)*

Azerbaijan: 62 (men), 57 (women)*

China: 60

Costa Rica: 61 (men), 59 (women)*

Denmark: 65

Ecuador: 55

Germany: 65

Iceland: 67

India: 58

Ireland: 66

Japan: 65

Kenya: 55

Mexico: 65

New Zealand: 65

Norway: 67

South Korea: 60

Singapore: 55

Sri Lanka: 55 (men), 50 (women)*

Sweden: 65

Switzerland: 65 (men), 64 (women)*

United Kingdom: 60 (men), 55 (women)*

U.S.A: 65

*Argentina, Austria, Belgium, Brazil, Chile, Czech Republic, El Salvador, Estonia, Hungary, Israel, Italy, Jordan, Poland, Romania, Russia, Slovenia, South Africa, Turkey, Ukraine  all also have different retirement ages for men and women, some by as many as 5 years. In some of these countries, the pensionable age for women will gradually change to make it equal to their male counterparts.

 

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