Retirement ages in key countries
The latest country to announce an extension of the pension age, in response to the costs of supporting ageing populations and against a background of severe strains in public finances, is France.
The centre-right French government intends to raise the minimum retirement age from 60 to 62, Labour Minister Eric Woerth said on Wednesday.
Here are key retirement data for major industrialised countries. As most countries have specific conditions for certain categories of employees, the following figures may not apply to everyone.
Minimum retirement age: 60. The government proposes to increase this to 62 by 2018, while making concessions for people deemed to have undergone arduous working conditions.
Current conditions to receive full-rate pension: beneficiaries must either be aged 65 or have contributed to the state pension system for 40.5 years, which will rise to 41 years for people retiring in 2012.
Minimum retirement age: 65, and less for people who have had exceptionally long working careers.
Age to receive full-rate pension: 65, rising in stages to 67 by 2029.
Minimum retirement age: 65, which the government wants to increase to 67.
Age to receive full-rate pension: 65, for workers who have paid in for at least 35 years.
Minimum retirement age: From 57 in 2007, it is being progressively raised with the aim of reaching 61 years in 2013. Workers will then need to have paid in for at least 36 years. Italy has no specific conditions for a full-rate pension.
Minimum retirement age: 65 for men and 60 for women, although the latter figure is being raised progressively to reach 65 by 2020.
In 2005 an official report called for the retirement age to be increased to 68 for all private sector workers by 2050.
- UNITED STATES:
Minimum retirement age: 62
Conditions to receive full-rate pension: be aged 66 and have paid in for at least 35 years. The full-rate age is due to rise to 67 by 2022.
Minimum retirement age: 60
Conditions for full pension: From 60 in 2001 it is being raised progressively to 65 -- a stage due to be reached in 2013 for men and 2018 for women.
Source: French Pensions Council, Turner Report (for Britain)
© 2010 AFP