around the world

Mini dossier: Retirement age in different countries of the world

 

Hi TejZashic! In connection with very interesting events and subsequent reforms related to our retirement age, I decided to slightly naguglit information about our neighbors and how things are going on there.

I would like to note that all the data in the dossier is not absolutely accurate and only form an approximate picture of what is happening in the world.

Do not worry the reader, most likely you will not touch these problems.

Russia

I will introduce a few things into the course of those who are in the tank and somehow did not notice some very important news . On June 14, 2018, Russian Prime Minister Dmitry Medvedev announced that the government proposes to gradually raise the retirement age to 65 for men (there were 60) and 63 for women (there were 55). The average life expectancy in Russia (for 2018), according to the data of the “Ministry of Health” is: men: 67.51 years, women 77.64 years (plus minus a couple of years for each region).

The average pension in Russia is $ 150

The average life expectancy of the population of Russia (in accordance with the World Bank)
The average life expectancy of the population of Russia (in accordance with the World Bank)

Kazakhstan

In Kazakhstan, the retirement age for men is 63 years, and for women 58 years, this level was established back in 2001. Since 2018, the second stage of the increase in Kazakhstan is taking place – by 2027 the retirement age for women will rise to the level of men.

Average pension – $ 44

Average life expectancy of the population of Kazakhstan (according to the World Bank)
Average life expectancy of the population of Kazakhstan (according to the World Bank)

Belarus (Byelorussia)

Belarus began to raise the retirement age from 2017 and intends to bring it to 63 years for men and up to 58 years for women, it is planned to do so by 2022.

The average pension is $ 158.

Average life expectancy of the population of Belarus (according to the World Bank)
Average life expectancy of the population of Belarus (according to the World Bank)
 

Uzbekistan

In Uzbekistan, recently adopted a project to increase the retirement age, so that it has reached the average in the world. At the moment the picture is as follows: for women – 55 years and 60 years for men.

Average pension is $ 42

Average life expectancy of the population of Uzbekistan (according to the World Bank)
Average life expectancy of the population of Uzbekistan (according to the World Bank)
 

Germany

The retirement age in Germany is 65 years for men and women (in the period from 2012 to 2030 the retirement age will be increased to 67 years ).

Early retirement before 2011 is possible from 60 years, and with 35 years of insurance experience – from 63 years. The retirement age of 60 years is set for police, fire service, representatives of the judiciary, for miners ( subject to 25 years of experience in underground work ).

The average pension is 1200 euros.

The average life expectancy of the population of Germany (according to the World Bank)
The average life expectancy of the population of Germany (according to the World Bank)
 

France

In France in 2017, the age of the French’s retirement was increased from 60 to 62.5 years. The exception is people who started working in 18 years, suffered from accidents at work and received disability, war veterans, and also have experience of at least 41 years – they can retire at 60 years. The French government plans to gradually increase by 2023 the minimum retirement age to 67 years.

The average pension is 1200 euros.

The average life expectancy of the population of France (according to the World Bank)
The average life expectancy of the population of France (according to the World Bank)
 

Italy

In Italy, the pension reform started in 2012. As a result of the reforms, the retirement age for men and women was equalized – 66 years and seven months. For civil servants, the changes came into force on January 1, 2016, for private sector workers – from January 1, 2018. Citizens with 41 years of working experience have the right to early retirement. Prior to the reform, men retired at 65, and women, depending on the employment sector, were 60-65 years old.

The average pension is 680 euros.

The average life expectancy of the Italian population (according to the World Bank)
The average life expectancy of the Italian population (according to the World Bank)
 

United Kingdom

The basic state pension is awarded to men after reaching the age of 65, provided that the work experience is 44 years, and women aged 60 years, if they have worked 39 years. For those who reach retirement age after April 2010, the required length of service will be lower: 30 years, for both men and women.

By April 2020, it is planned to increase the retirement age for all to 65 years .

The average pension is £ 115.95 per week

The average life expectancy of the population of Great Britain (according to the World Bank)
The average life expectancy of the population of Great Britain (according to the World Bank)
 

USA

In the US, the retirement age is determined by the year of birth: for people born before 1960 (both men and women) – 66 years, for people born in 1960 and later – 67 years. For early retirement, Americans can go out from the age of 62, but they lose some of their payments.

The average pension in the US is $ 700

The average life expectancy of the US population (according to the World Bank)
The average life expectancy of the US population (according to the World Bank)
 

Israel

In Israel, in 2004, the retirement age was increased for men from 65 to 67 years, for women from 60 to 62 years. By 2017, it was planned to raise the retirement age for women to 64 years (by 2030 – to 67 years), but the authorities are still postponing the adoption of this decision.

The average pension in Israel is 1500 $.

The average life expectancy of the population of Israel (as agreed by the World Bank)
The average life expectancy of the population of Israel (as agreed by the World Bank)
 

China

In China, the pension system covers only a small part of the population, these are civil servants and those employed in industry. Men retire at 60, women in 50-55 years (those engaged in manual labor – at 50, working in the administrative sphere – at 55 years). To receive a pension, you must have a working experience of 15 years. In 2012, it was proposed to start a gradual increase in the retirement age, so that by 2045 it would be brought to a common mark of 65 years, but the reform was postponed.

The average pension in China is $ 160

The average life expectancy of the population of China (according to the World Bank)
The average life expectancy of the population of China (according to the World Bank)
 

India

In India, only government employees are included in the social payments program. The retirement age is 60-65 years (each state has its own pension legislation). The amount of benefits and the retirement age of the others depend on the employer.

Average pension – $ 5

The average life expectancy of the population of India (as per the World Bank)
The average life expectancy of the population of India (as per the World Bank)
 

Japan

In Japan until 2000, the pension was calculated from 60 years. Since 2001, this age threshold has gradually increased and in 2013 reached 65 years (for men and women). For those who continue working after the age of 65, the amount of the pension increases every year.

Average pension – $ 2000

The average life expectancy of the population of Japan (according to the World Bank)
The average life expectancy of the population of Japan (according to the World Bank)
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