In each state, the retirement age is different. To go on a well-deserved rest, citizens of countries must undergo the appropriate procedure. The retirement age in the world is calculated according to the same principle - the average life expectancy of people is taken into account.
Worldwide pension systems
There are several types of systems by which pension accrual is made. But the definition of retirement age in the world is the same.
Benefits can be accrued according to the individual savings plan, according to the tax distribution system.
Age of men
The legislation of most countries has a difference in the retirement age in the world for men and women. Countries where both sexes can simultaneously go on well-deserved rest, are few. Basically, in the world the retirement age is different for women and men.
Men are considered to be the main earners of means of living, so they are expected to retire later. The table below shows the retirement age in the world for men.
The country | Age of men (years) | Life expectancy (years) |
Denmark | 67 | 78 |
Japan | 70 | 82 |
USA | 65 | 78 |
Germany | 67 | 79 |
Canada | 65 | 81 |
France | 67 | 81 |
Kazakhstan | 63 | 67 |
Poland | 65 | 75 |
Russia | 60 | 66 |
Ukraine | 60 | 68 |
Belarus | 60 | 70 |
Women age
By law, in most countries women are allowed to go on vacation earlier than men. As the table shows, the retirement age in the countries of the world for women is different in most states.
The country | Retirement age of woman (years) |
Japan | 70 |
USA | 67 |
Germany | 67 |
Canada | 65 |
Great Britain | 60 |
Italy | 65 |
Georgia | 60 |
Russia | 55 |
Ukraine | 55 |
Belarus | 55 |
Czech | 62 |
Retirement
Each state is trying to keep the pension system in a stable state, but it is difficult to constantly maintain it in the conditions of the modern world. Therefore, the retirement age began to rise in the countries of the world. In some, the issue of raising age is actively discussed.
The crisis has affected every country. After the analysis, it turned out that countries did not have enough money for all expenses. This has led to an increase in retirement age. After all, it’s easier to make people work longer, while getting additional staff and lowering government spending on providing citizens.
Based on this, it can be concluded that in every country in the world the retirement age does not have a clear value and can vary.
Features of settlement and retirement systems
Different countries of the world use different systems for calculating pensions. However, in foreign countries, not one system is used, but a combination of two or three.
- The system is individually cumulative. It is a way of accumulating pension funds that citizens independently transfer to pension funds. It can also be done by the employer. From the accumulated amount, the amount of the monthly payment is calculated.
- Distribution system based on pension taxes. This type involves the transfer of part of the money from earnings to pensioners. As a result of such a settlement system, after retirement, pensioners receive their payments at the expense of working people.
- Distribution system developed on the basis of general taxes. This type involves the calculation of payments for which funds from the tax fund are used.
Retirement plans
A number of states have decided to amend pension legislation. Ukraine plans to increase the retirement age for women to sixty years. These changes should come into force from 2021. Some categories of Russian citizens will now also retire later. This applies to civil servants, politicians. According to the new plan, from 2025 they will retire at the age of 60 and 65 years. The difference in age at retirement for men and women will continue.
In Kazakhstan, starting in 2018, it is planned to equalize the age of men and women who have decided to go on well-deserved rest up to 63 years. In the US, the government plans to increase the age from 65 to 69 years. In this country, men and women retire together.
Latest Retirement
Some countries have the highest retirement ages. In Japan, men and women can go on holiday at the age of seventy. In this country, a fairly high standard of living and a long average period of life. These are excellent indicators that allow you to go on vacation so late.
Albania is not far behind Japan. Here people retire at the age of 69.5 and 64.5 years. It takes a long time to work in Denmark. In this country, people can retire at only 67 years old. There is no division for men and women, everyone goes on vacation at the same time.
Lowest retirement age
The pension systems of each country are constantly being amended. For 2017, the lowest retirement age in the world in countries such as Russia, Ukraine, Belarus, Turkey. In these countries, men go on vacation at sixty, and women from fifty-five. However, in Turkey, women are allowed to go on vacation from the age of 56.
Early retirement in these countries does not mean that they have a highly developed economy. In Russia, Belarus, Ukraine and some other countries of the world where it is allowed to go on vacation early, a low average life expectancy is observed. This suggests that countries are not well off.
Payout Amount
In different countries of the world, the amount of payments is different. Most receive pensioners living in France, Germany, Japan, the United States. In these countries, they are paid from 25 to 45 thousand rubles (when converted to Russian rubles).
Pensioners of Georgia, Uzbekistan, Moldova, Argentina receive the least. In these countries, people are paid less than five thousand rubles. Citizens of Russia, Belarus, Ukraine, Azerbaijan receive a little more.
Each country has its own characteristics of retirement and the calculation of its amount. For some, a yield of 50 is envisaged, but somewhere people are forced to work until they are 70 years old.