FLASH NEWS
How does the retirement age vary in Europe? Countries with the lowest and highest ages
2023-01-11 10:54:03 / KOSOVA
The French government unveiled its pension reform on Tuesday, raising the retirement age from 62 to 64 by 2030. Prime Minister Elisabeth Borne detailed her plans to make the French work longer, also increasing the period of contributions needed for a full pension in 43 years.
That rule will kick in by 2027, while the statutory retirement age will rise by six months each year starting in September, eventually reaching 64 at the end of the decade. Sharp criticism of the reform has drawn protests from both the far right and the far left from unions and citizens concerned that the planned change will be felt most acutely by those who are underprivileged.
But raising the retirement age is not just a trend in France: the mandatory standard retirement age is set to rise in most Organization for Economic Co-operation and Development (OECD) countries.
Definitions of legal retirement age vary in different countries. There are different practices in each country depending on the type of pension, according to OECD data and the Pensions at a Glance report.
The two reports use 2020 figures, the latest available data that analyzes current and future retirement ages for those who entered the workforce at age 22. In some cases, the report does not specify the gender of each country, meaning that the retirement age for men and women may be the same in those countries.
Current retirement ages include two types: early and standard. According to the OECD report, for men, early retirement ages range from 59 years in Lithuania to 63.7 years in Germany. For women, it ranges from 58 years in Lithuania to 63.7 years in Germany.
Current early retirement ages (2020)/Scan.
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