Retirement ages of Government Employees across the world

Country

Male

Female

Change planned?

Notes                          

Australia

65

63

Yes

Women’s pension age will gradually rise to 65 by 2014 and both will increase to 67 in stages between 2017 and 2023.

Austria

65

60

No

Belgium

65

65

No

Canada

65

65

No

The normal pension eligibility is age 65 but an early pension can be claimed from age 60.

Chile

65

60

No

Czech Republic

62

61

Yes

Retirement age will be increased for men to 63 years from 2016 and for women without children from 2019 and to age 59 to 62 for women with children (depending on number of children they have raised).

Denmark

65

65

Yes

Government propose to raise the age to 67 over an eight year period starting in 2017.

Finland

63

63

No

Under the Employees Pension Act (TYEL) the retirement age is 63 to 68 years.

France

60

60

Yes

Will be raised to 62 over the next eight years.

Germany

65

65

Yes

This will increase to age 67 between 2012 and 2029. It is possible in some circumstances to retire at 63 years.

Greece

65

60

Yes

There are plans to increase women’s age to 65 years.

Hungary

62

62

Yes

Retirement age will increase to age 65 for men from 2018 and for women from 2020.

Iceland

65

65

No

This is for the public sector. The legal retirement age for private sector employees is 67.

Ireland

65

65

No

There is no fixed retirement age for employees. There is a statutory retirement age of generally 65 for some public servants.

Italy

65

60

No

Japan

60

60

Yes

The pension age is gradually being increased to 65, between 2001 and 2013 for men and between 2006 and 2018 for women.

Korea
(Republic
of)

60

60

Yes

The pension age is being increased gradually and will reach age 65 by 2033.

Luxembourg

65

65

No

Normal retirement age is 65 but early retirement at 57 is possible.

Mexico

65

65

No

Normal retirement age is 65 years but early retirement is available from age 60.

Norway

67

67

No

60% of employees are entitled to early retirement from the age of 62 years under the early retirement plan.

Poland

65

60

No

There are some professions that are entitled to earlier retirement such as teachers and armed forces.

Portugal

65

65

No

Early retirement is possible in some circumstances from the age of 55 years.

Slovakia

62

57

Yes

The retirement age for women is currently increasing to 62 years by 2014 so that both sexes will be equalised

Spain

65

65

No

Sweden

61

61

No

The retirement age is flexible, state pensions can be claimed from age of 61 years.

Switzerland

65

64

No

Turkey

60

58

Yes

There are plans to increase the retirement age in stages from 2035 to age 65 for both men and women.

United Kingdom

65

60

Yes

The retirement age for women is being increased between 2010—2020 to 65 years. State pension will rise to age 66 in 2024, age 67 in 2034 and age 68 in 2044.

United
States

66

66

Yes

Increasing to age 67 in stages.