Retirement Ages In World's 10 Largest Economies

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10 November 2024

In the USA, the typical retirement age for full Social Security benefits is currently 66 or 67, depending on the year of birth


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In Canada, the standard retirement age is 65, when citizens become eligible for the Old Age Security (OAS) pension and Canada Pension Plan (CPP) benefits


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India's retirement age varies across sectors. In the public sector, it typically ranges from 58 to 60, though it can be extended to 65 for certain government employees


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In China, the official retirement age has long been 63 for men and 58 for most women, though female civil servants can retire at 55


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Japan, has set its official retirement age at 65, but many Japanese citizens continue working well into their 70s, thanks to both high life expectancy and cultural work ethics


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In Germany, the retirement age is gradually being raised from 65 to 67, with full implementation set for those born after 1964


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In the United Kingdom, the current state pension age is 66 for both men and women, with plans to increase it to 67 by 2028 and possibly to 68 in the 2030s


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France's retirement age is currently 62, although recent reforms allow for early retirement or full benefits at 64 depending on years worked and contributions made


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In Brazil, the minimum retirement age is set at 62 for women and 65 for men following recent pension reforms


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In Italy, the standard retirement age is 67, but workers can retire earlier based on their years of contribution under the “Quota 100” system, allowing those with 38 years of contributions to retire at 62


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