Retirement in Europe explained

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

Retirement age by country

See main article: Retirement age.

Retirement age in Europe
CountryMenWomenYearNotesReferences
Albania65612020[1]
Austria65602018In Austria the retirement age for women is to be equalized to the retirement age for men (65) by 2033.[2] [3]
Belarus62.557.52021By 2022, the age will be 63 for men and 58 for women.[4] [5]
Belgium65652018In Belgium the retirement age is to be increased gradually to 67 years by 2030.
Bosnia and Herzegovina65652024
Bulgaria64 (and 7 months)62 (and 2 months)2024In Bulgaria the retirement age for women is to be equalized to the retirement age for men (65) by 2037.
Croatia6563 (and 6 months)2024In Croatia the retirement age for women is to be equalized to the retirement age for men (65) by 2030.
Cyprus65652018
Czech Republic63 (and 4 months)58 (and 8 months) – 62 (and 8 months)2018In 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.
Denmark67672022In 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.
Estonia63 (and 9 months)63 (and 9 months)2019In 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.
Finland65652008
France62 to 6762 to 672022Depends on the duration of contribution (minimum 43 years)
Germany65 (and 7 months)65 (and 7 months)2015In Germany the retirement age is to be increased gradually and reach 67 years by 2029. See also: Pensions in Germany.
Greece67672015
Hungary65652022Women with 40 years of insurance can retire at any age.
Iceland67672018
Ireland65652024In Ireland the retirement age is currently 65[13] and will be increased gradually and reach 68 years by 2028.
Italy67672019Must have paid contributions for at least 20 years.Those who have paid contributions for at least 38 years can retire at 64.[14] 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.[15]
Latvia64 (and 6 months)64 (and 6 months)2023The age will be 65 by 2025.
Liechtenstein65652018
Lithuania64 (and 6 months)642023In Lithuania, the retirement age will be 65 for both men and women by 2026.[16]
Luxembourg65652018
Malta62622015In Malta the retirement age is to be increased gradually to 65 years by 2027.
Moldova63592020Retirement age for women is increasing every 6 months until it reaches 63 years in 2028.
Montenegro66642022
Netherlands66 (and 4 months)66 (and 4 months)2019In 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.[17] After 2022 it will be linked to the average life expectancy.[18]
North Macedonia64622011
Norway67672018See also: Pensions in NorwayThe 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.
Poland65 60 2016
Portugal66 (and 4 months)66 (and 4 months)2018[19]
Romania65612019The age for women is being increased gradually. It will reach 63 by 2030.[20] [21]
Serbia6563 (and 8 months)2024By 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 labour if that happens prior to 66th year of life for men or aged 61 years and 6 months for women. It would be at least 60 for both men and women, considering the fact that person is legally labour-eligible aged 15 in Serbia.[22]
Slovakia64642021[23]
Slovenia65652018
Spain65 (and 3 months)65 (and 3 months)2015The age will be 67 by 2027. See also: Pensions in Spain.
Sweden66662020, options age 62–68.By 2026 it will be 67, with options age 64-69.
Switzerland65642022[24] [25] [26]
Ukraine60602022
United Kingdom66662021The retirement age is due to be increased to 67 by 2028 and 68 by 2046. See also: Pensions in the United Kingdom.[27]

See also

References

  1. Інформація про поточний пенсійний вік у різних країнах, Консультаційна компанія "Стратегія Лайф" http://strategy-life.com.ua/articles_detailed.php?id=32.
  2. Web site: Etk.fi - Avain asiantuntijan työeläketietoon. etk.fi. 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), http://ec.europa.eu/economy_finance/publications/publication14992_en.pdf, p. 78.
  4. Web site: Пенсионный возраст в Беларуси | Новости Беларуси|БелТА. 11 April 2016.
  5. http://parl.sejm.gov.pl/WydBAS.nsf/0/D8FD27CD446CB5DDC12573E800318FA1/$file/infos_027.pdf Kłos B., Wiek emerytalny kobiet i mężczyzn, "infos", 7.02.2008
  6. Web site: Retirement Ages.
  7. Web site: Old-age Pension . Czech social security administration . https://web.archive.org/web/20120302111331/http://www.cssz.cz/en/pension-insurance/old-age-pension.htm . 2012-03-02.
  8. https://portal.gov.cz/app/zakony/download?idBiblio=43085&nr=155~2F1995~20Sb.&ft=txt Part 3 of paragraph 32 of Czech law 155/1995
  9. http://www.cssz.cz/en/pension-insurance/old-age-pension.htm Czech Social Security Administration: Old-age Pension
  10. Web site: Adjust your savings to match your retirement expectations. english.pfa.dk. 23 July 2016.
  11. Web site: Denmark has world's best pension system - The Local. 13 October 2014 . thelocal.dk. 23 July 2016.
  12. Web site: Pensionikeskus. pensionikeskus.ee. 2017-04-09. 2018-12-25. https://web.archive.org/web/20181225141622/https://www.pensionikeskus.ee/?id=696. dead.
  13. Web site: Mandatory Retirement Policy in the Spotlight . Mason Hayes Curran . 11 January 2024 . en.
  14. https://www.inps.it/prestazioni-servizi/pensione-anticipata-con-64-anni-di-eta-e-38-anni-di-contribuzione Pensione anticipata con 64 anni di età e 38 anni di contribuzione
  15. Web site: Età pensionabile.
  16. News: Old age pension age table . Sodra . 24 April 2020.
  17. Web site: AOW-leeftijd in 2023 niet omhoog. Werkgelegenheid. Ministerie van Sociale Zaken en. 3 Nov 2017. www.rijksoverheid.nl. nl-NL. 2018-03-29.
  18. News: Op 1 januari 2018 gaat de pensioenleeftijd naar 68 jaar: wat betekent dat voor jou?. 2017-10-30. Business Insider. 2018-05-19. en-US.
  19. Web site: Idade da reforma passa para os 66 anos em 2014. Raquel Martins. PÚBLICO. 15 October 2013 .
  20. Web site: Casa Judeteana de Pensii Arad.
  21. Web site: Casa Judeteana de Pensii Arad. cjpensiiarad.ro. 23 July 2016.
  22. http://www.zso.gov.rs/starosna-penzija.htm The Institute for Social Insurance
  23. Web site: Dôchodkový vek.
  24. Web site: Die Pensionierung planen . 2022-08-22 . www.ch.ch . de.
  25. Web site: Office . Central Compensation . Old-age pensions . 2022-08-22 . www.zas.admin.ch . en.
  26. Web site: 10. AHV-Revision . 2022-08-22 . swissvotes.ch.
  27. Web site: Check your State Pension age | nidirect. 28 October 2015.

External links