Retirement in Europe

Retirement age differs in European countries and is a matter of debate across Europe, because of an aging population.

Retirement age by country
Main article: Retirement age
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 65 65 2018 In Belgium the retirement age is to be increased gradually to 67 years by 2030.[2] [5]
Bosnia and Herzegovina 65 65 2011 [1]
Bulgaria 64 (and 4 months) 61 (and 4 months) 2015 [2]
Croatia 65 62 2018 By 2038 there will be an equal age for women and men set at 67. (Women's age will reach 65 in 2030 and 67 in 2038).[2] [2]
Cyprus 65 65 2018 [1][3]
Czech Republic 63 (and 4 months) 58 (and 8 months) - 62 (and 8 months) 2018 In the Czech Republic, in the year 2015, men had the retirement age of 62 years and 10 months and women had it between 58 and 62, depending on number of children.[6][7] In Czech Republic, the retirement age is in the process of being increased, and therefore depends on year of birth (for individuals born after 1977 it may exceed even 67. e.g. a person born in year 1995 must be at least 70 years old.[8]) For women the retirement age depends on the number of raised children as well.[9] For people born in 1975, the retirement age will be the same (66y8m) regardless of sex and number of children raised; and this age will reach 67 for people born in 1977. [7]
Denmark 65 65 2018 In Denmark, the retirement age will be increased gradually to reach 67 years by 2022. From 2030 onwards, it will be increased a maximum of one year every five years depending on increases in average lifespan.[10][11] See also: Pensions in Denmark. [3][5]
Estonia 63 (and 9 months) 63 (and 9 months) 2019 In Estonia the retirement age is to be increased gradually to 65 years by 2026.[12] After 2026 it will be linked to the average life expectancy. [3][5]
Finland 65 65 2008 [3]
France 62[13] 62[13] 2015 In France the retirement age is to be increased gradually to 67 years by 2023. See also: Pensions in France. [1][3]
Germany 65 (and 7 months) 65 (and 7 months) 2015 In Germany the retirement age is to be increased gradually and reach 67 years by 2029. See also: Pensions in Germany. [3][5]
Greece 67 67 2015 [2]
Hungary 63 63 2018 The age will be 65 by 2022. Women with 40 years of insurance can retire at any age.[2] [2]
Iceland 67 67 2018 [5]
Ireland 66 66 2018 In Ireland the retirement age is to be increased gradually and reach 68 years by 2028.[2] [1][3][5]
Italy 67 67 2019 Must have paid contributions for at least 20 years.

Those who have paid contributions for at least 38 years can retire at 62. Those who have paid contributions for at least 41 years and 10 months (women) or 42 years and 10 months (men) can retire regardless of age.

 [14]
Latvia 63 (and 6 months) 63 (and 6 months) 2019 The age will be 65 by 2025.[2] [2]
Liechtenstein 65 65 2018 [5]
Lithuania 63 (and 10 months) 62 (and 8 months) 2019 In Lithuania, the retirement age will be 65 for both men and women by 2026.[2] [2][15]
Luxembourg 65 65 2018 [1]
North Macedonia 64 62 2011 [1]
Malta 62 62 2015 In Malta the retirement age is to be increased gradually to 65 years by 2027.[2] [2]
Moldova 63 59 2020 Retirement age for women is increasing every 6 months until it reaches 63 years in 2028. [1]
Montenegro 65 60 2013 [1]
Netherlands 66 (and 4 months) 66 (and 4 months) 2019 In the Netherlands the retirement age is 68 years old. The state pension for all elderly is to be increased gradually to reach 67 years and 9 months by 2022.[16] After 2022 it will be linked to the average life expectancy. [1][3][17]
Norway 67 67 2018 See also: Pensions in Norway

The general retirement age is currently set to age 67, however, given sufficient pension contributions it is possible to retire as early as at age 62. The longer an individual postpones withdrawing a pension, the greater the government pension provision becomes.

Poland 65 60 2016
Portugal 66 (and 4 months) 66 (and 4 months) 2018 [18]
Romania 65 61 2019 The age for women is being increased gradually. It will reach 63 by 2030.[19] [20]
Russia 60 (and 5 months) 55 (and 5 months) 2019 The age is to be increased gradually to 65 years for men and 60 years for women by 2028 [21][22]
Serbia 65 61 (and 6 months) 2017 By the year of 2032 retirement age for women will equalize with men and reach 65.

Also it is possible to gain pension after 45 years of labor of that happen prior to 65th year of life for men or 61st and 6 months for women. It would be at least at age of 60 for both men and women, considering the fact that person is legally labor eligible from the age of 15 in Serbia.[23]

 [1]
Slovakia 62 62 2017
Slovenia 65 65 2018 [2]
Spain 65 (and 3 months) 65 (and 3 months) 2015 The age will be 67 by 2027.[2] See also: Pensions in Spain. [1][3]
Sweden 65 65 2020, options age 62-68. By 2023 the retirement age will be 66 and by 2026 it will be 67, with options age 64-69.
Switzerland 65 64 2018 The age will be equalized at 65 by 2020.[2] [5]
Ukraine 60 57 2015 In Ukraine the retirement age is to be increased gradually to 60 years for women and 62 years for men-civil servants by 2021.[24] [1][25]
United Kingdom 65.5+ 65.5+ 2019 Retirement age equalized at 65. Increasing to 66 by 2021, 67 by 2028 and 68 by 2046. See also: Pensions in the United Kingdom. [26]

See also

References
  1. Інформація про поточний пенсійний вік у різних країнах, Консультаційна компанія "Стратегія Лайф" .
  2. "Etk.fi - Avain asiantuntijan työeläketietoon". etk.fi. Retrieved 23 July 2016.
  3. 2009 Ageing Report: Economic and budgetary projections for the EU-27 Member States (2008–2060). Joint Report prepared by the European Commission (DG ECFIN) and the Economic Policy Committee (AWG), , p. 78.
  4. http://www.belta.by/infographica/view/pensionnyj-vozrast-v-belarusi-2908/
  5. Kłos B., Wiek emerytalny kobiet i mężczyzn, "infos", 7.02.2008 Archived 2010-03-31 at the Wayback Machine
  6. http://www.etk.fi/en/the-pension-system-2/the-pension-system/international-comparison/retirement-ages/
  7. http://www.cssz.cz/en/pension-insurance/old-age-pension.htm
  8. Part 3 of paragraph 32 of Czech law 155/1995
  9. Czech Social Security Administration: Old-age Pension
  10. "Adjust your savings to match your retirement expectations". english.pfa.dk. Retrieved 23 July 2016.
  11. "Denmark has world's best pension system - The Local". thelocal.dk. Retrieved 23 July 2016.
  12. "Pensionikeskus". pensionikeskus.ee.
  13. except for salaries born before 1955.
  14. "Età pensionabile".
  15. Seputyte, Milda (9 June 2011). "Lithuania Raises Retirement Age to 65 to Help Narrow Budget Gap". Bloomberg. Vilnius: Bloomberg L.P. Retrieved 11 March 2015.
  16. Werkgelegenheid, Ministerie van Sociale Zaken en (3 Nov 2017). "AOW-leeftijd in 2023 niet omhoog". www.rijksoverheid.nl (in Dutch). Retrieved 2018-03-29.
  17. "Op 1 januari 2018 gaat de pensioenleeftijd naar 68 jaar: wat betekent dat voor jou?". Business Insider. 2017-10-30. Retrieved 2018-05-19.
  18. Raquel Martins. "Idade da reforma passa para os 66 anos em 2014". PÚBLICO.
  19. http://www.cjpensiiarad.ro/pensii6.php
  20. "Casa Judeteana de Pensii Arad". cjpensiiarad.ro. Retrieved 23 July 2016.
  21. "Обращение Президента к гражданам России". Сайт Президента России. 28 August 2018. Retrieved 28 August 2018.
  22. "Федеральный закон от 03.10.2018 № 350-ФЗ "О внесении изменений в отдельные законодательные акты Российской Федерации по вопросам назначения и выплаты пенсий". publication.pravo.gov.ru. 3 October 2018. Retrieved 2019-03-17.
  23. The Institute for Social Insurance
  24. "Рада приняла пенсионную реформу, повышающую пенсионный возраст". РИА Новости.
  25. "Ukraine Needs a Smaller and More Humane State – VoxUkraine". voxukraine.org. Retrieved 23 July 2016.
  26. https://www.nidirect.gov.uk/articles/check-your-state-pension-age
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