Retirement ages set to rise EU wide by 2050

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Retirement Ages in Member States.

In the EU15 states, the general retirement age is 65 years. In most new Member States, the retirement age will be raised to the same level over the next decade. Denmark, France, Germany and Spain have decided to raise the retirement age from 65 to 67 years, while the goal is 68 years in Britain and Ireland. For the main part, the changes in retirement ages will occur in the 2020s.

In Finland, Cyprus, Denmark, Greece, Italy, the Netherlands, Portugal and Slovakia, the retirement age will be linked to the development of the expected life expectancy. In Britain, the retirement age will be raised taking life expectancy into account. In the Czech Republic, the retirement age will be raised with a fixed increase of two months per year without an upper limit.

Retirement ages in 2050

Linking the retirement age to life expectancy means that the retirement age in the UK will be somewhat over 69 in 2050 according to current projections. By then, the highest retirement age within the OECD area will be in Denmark: 72 years.

eu pensions

Current retirement ages in different countries

 Current general retirement age (2018) Future retirement age
  EU  Men/ Women  General retirement age or men/women
 Austria (AT)  65 / 60 years  65 years (2033)
 Belgium (BE)  65 years  67 years (2030)
 Bulgaria (BG)  66 years and 2 months  67 years (2023)
 Croatia (HR)  65 years / 62 years  67 years (2038) / 65 years (2030); 67 years (2038)
 Cyprus (CY)  65 years  65+ years (2018)
 Czech (CZ)  63 years and 4 months / 62  years and 8 months  65 years (2036)
 Denmark (DK)  65 years ; 67 years  67 years (2022); 68+ years (2030)
 Estonia (EE)  63 years and 6 months  65 years (2026) 65+ (GP 2027)
 Finland (FI)  63 years 3 months ; 65 years  65+ years (2027)
 France (FR)  65 years and 9 months  67 years  (2022)
 Germany (DE)  65 years and 7 months  67 (2031)
 Great Britain (GBR)  65 years  67+ (2028), 68 (2046)
 Greece (EL)  67 years  67+ years (2021)
 Hungary (HU)  63 years  65 years (2022)
 Ireland (IE)  66 years  68 years (2028)
 Italy (IT)  66 years  67+ years (2022)
 Latvia (LV)  63 years and 3 months  65 years (2025)
 Lithuania (LT)  63 years and 8 months / 62 years 4 months  65 years (2026)
 Luxembourg (LU)  65 years  –
 Malta (MT)  62 years  65 years (2027)
 Netherlands (NL)  66 years  67+ years (2022)
 Poland (PL)  65 years / 60 years  –
 Portugal (PT)  66 years and 4 months  66+ years (2016)
 Romania (RO)  65 years / 60 years and 10-11 months  -/63 years (2030)
 Slovakia (SK)  62 years and 4 months  62+ years (2017)
 Slovenia (SI)  65 years  –
 Spain (ES)  65 years and 5 months  67 years (2027)
 Sweden (SE)  61-67 years; 65 years*  64-69 (GP 2026) ; 66
 Other countries  Men / Women  Retirement age or men/women
Australia  57 years; 65 years and 6 months*  60 years (2025); 67 years (2023)*
 Canada (CA)  65 years  –
 Iceland (IS)  67  years  69 years (2018-2029); 70 years (2030-2041)
 Japan (JP)  62 years / 61 years ; 65 years*  65 years (2025) / 65 years (2030); –
 Norway (NO)  62-75 years; 67 years*  –
 Switzerland (CH)  65 years / 64 years  –
 USA (US)  66 years  67 years (2027)

Data taken from OECD. LINK

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