As folks in France protest over pension reforms, Al Jazeera examines the age of retirement and life expectancy in numerous nations.
A invoice to extend the retirement age from 62 to 64 is being met with protests throughout france,
The proposed reform was accelerated by the nation’s senate on Saturday and comes as France faces a demographic problem.
The variety of energetic employees capable of help the general public pension system is shrinking with extra folks retiring.
The chart beneath exhibits the variations between the common retirement age for women and men and their respective life expectations in a number of nations.
Life expectancy, compiled by the World Well being Group (WHO), measures the common variety of years {that a} new child may anticipate to reside given intercourse and age-specific dying charges on the time of his/her start.
Retirement age, collected from the Group for Financial Co-operation and Growth (OECD) in 2020, measures the obligatory and voluntary age at which an individual who entered the labor power at age 22 will work up till.
The place do folks reside longest after retirement?
In South Africa, males spend on common solely two years in retirement.
In Jap European nations akin to Poland, Hungary, Bulgaria, Lithuania, Romania, Latvia and Russia – in addition to in Argentina, Mexico, and South Africa – males spend on common lower than 10 years in retirement.
Iceland, Israel and Norway have the oldest retirement ages at 67. Nonetheless, life expectancy can be about 81 – that means on common males in these nations spend 14 years in retirement.
Girls normally have an extended life expectancy than males – and subsequently higher prospects of an extended retirement.
In South Africa, ladies spend lower than 10 years in retirement, with a mean life expectancy of 68 and a retirement age of 60. That is adopted by Mexico and India, the place ladies spend about 14 years in retirement.
In Saudi Arabia, ladies on common spend 26 years in retirement with the common age of retirement being 47 years outdated.
Nonetheless, particular person real-life experiences range tremendously from the averages taken above, given various factors akin to wealth, geography and the prevalence of ailments.
Growing retirement age?
As life expectancy rises, some nations wish to improve the retirement age sooner or later.
This consists of the UK, the place the federal government has signaled that it hopes to maintain the proportion of grownup life spent in retirement fixed with the common over the past 10 years.
In lots of nations, you may retire earlier than the age set by authorities pensions, and a few nations have a versatile retirement age – that means pensions might be taken out inside a sure vary. This consists of Canada, Finland, Norway, Sweden and the US, in accordance with the Finnish Middle for Pensions.
