What Age Is Considered Retirement

Table of contents:

What Age Is Considered Retirement
What Age Is Considered Retirement

Video: What Age Is Considered Retirement

Video: What Age Is Considered Retirement
Video: Retirement: What's the right age? 2024, November
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In Russia, the retirement age is considered one of the lowest in the world and is 60 years for men and 55 years for women, subject to 5 years of work experience. But by 2025, the minimum work experience will be increased to 15 years.

What age is considered retirement
What age is considered retirement

Instructions

Step 1

Social experts believe that raising the retirement age in Russia is only possible with a simultaneous increase in human life expectancy. In Russia, this indicator averages 69.8 years, with 64 years for men and 75.6 for women. Under the new social reform, the retirement age will not be increased in the near future, but the minimum length of service will increase from 5 to 15 years.

Step 2

The retirement age varies from country to country, and different models of pension systems are used. Pension reform in the UK has existed since 1908 and is considered one of the oldest in the world. British pensioners, in addition to the basic pension from the state, can receive a labor pension from the national insurance system, the amount of which depends on the length of service. Also, in addition to government contributions, additional corporate pensions and voluntary savings are common in the UK. The retirement age for men in this country is 65 years, for women - 60.

Step 3

In Germany, the retirement age is the same for men and women and is 67 years. The country's government plans to raise this bar to 76 years, due to a lack of labor and an increasing burden on the state budget. In addition to the standard pension, a citizen can participate in corporate programs of the enterprise and have additional retirement income in the future.

Step 4

In the Scandinavian countries, the retirement age is 65-67 years, which, according to the government, is considered low and is planned to be increased to 70 years. In Norway, the pension consists of a minimum part that each citizen receives and additional allowances depending on seniority, salary and other factors.

Step 5

In the United States, the retirement age is 65 for those born before 1938. Due to the increase in the life expectancy of American citizens, the retirement age was increased to 67 years. The United States has the largest public pension system.

Step 6

According to the International Living website, Ecuador is recognized as the best place for retired citizens. The country provides retirees with affordable medicine, a high standard of living and a favorable climate. The top five are also Panama, Malaysia, Mexico and Costa Rica. The retirement age in Ecuador is 60 years.

Step 7

Chile's pension system is recognized as one of the most innovative in the world. It is similar to the Russian one, according to which a working citizen is himself responsible for the formation of his pension savings. The retirement age in this country is 60 for women and 65 for men.

Step 8

In Japan, citizens retire at 65, and if they continue to work, their pension increases. The basic pension in Japan is paid to absolutely all citizens, regardless of occupation, nationality and length of service, and an additional one can be received by government workers and employees of other specific sectors.

Step 9

In China, the retirement age corresponds to the Russian one, namely, for men it is 60 years, and for women - 55 years. Moreover, women who are engaged in labor activities retire even earlier - at the age of 50.

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