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Retirement age in Europe Country Men Women Year Notes References Albania: 65 61 2020 [1] Austria: 65 60 2018 In Austria the retirement age for women is to be equalized to the retirement age for men (65) by 2033. [2] [1] [3] Belarus: 62.5 57.5 2021 By 2022, the age will be 63 for men and 58 for women. [4] [5] Belgium: 66 66 2025
Many countries in Europe follow the same type of criteria, with one's age of retirement determined by their birth year, for example in Romania, women born in 1955 had their retirement age in 2015 set at age 60 whereas those born in 1958 could retire in 2019 at age 61 and those born in 1961 can retire in January 2023 at age 62.
Of the European countries, Iceland and Norway have the highest Current Retirement Age of 67. Generally, women retire earlier than men due to cultural gender norms, labor force participation rates ...
France. France raised the retirement age to 64, as long as the retiree worked for at least 43 years. When it comes to the Mercer Index, France is just behind the U.S. with a score of 62.
Of course, some European countries get trounced by both nations’ retirement benefits. The average retiree in Iceland rakes in government pensions of €2,762 ($3,090) each month, per Euro News.
An occupational pension fund, also referred to as an employer funded or employer administered scheme, is a pension offered by an employer to an employee's retirement scheme. [1] Within the European Union (EU), these pension funds can vary throughout certain Member States due to differences in retirement ages in Europe, salaries and length of ...