1. Croatia
Retirement benefits: 129%
According to experts' forecasts, by 2060, the average age of retirees will grow by 1.5 years for men and 1.2 years for women, reaching 66 years.
2. Turkey
Retirement benefits: 102%
In Turkey, people retire at the age of 65. The same age is set in France, Greece, Luxembourg, and Slovenia.
3. Netherlands
Retirement benefits: 101%
In the Netherlands, Denmark, and Italy, the retirement age rose to 68 years or more.
The authors of the rating tell about the flexible retirement system: when a retiree continues to work receiving pension payments. Some countries offer to combine retirement and work without any restrictions on the income level. In addition, there are benefits for those who retire later, and for those who retire earlier, payments are reduced slightly.
4. India
Retirement benefits: 99%
Inequality of people of retirement and working age, and ageing of the population are a source of concern to many experts. Many countries implement a whole range of measures aimed at solving these problems.
5. Portugal
Retirement benefits: 95%
In many countries, the possibility of early retirement is limited.
6. Italy
Retirement benefits: 93%
In Italy, the retirement age reached 68. In this country, you can combine work and retirement without any restrictions. The same opportunity is available for citizens of Chile, Estonia, Norway, the Czech Republic, Sweden, Portugal, Mexico, and Slovakia.
7. Austria
Retirement benefits: 92%
Despite the flexible retirement system, in Europe, only 10 percent of people aged 60 to 69 combine retirement and work.
8. Argentina
Retirement benefits: 91%
Fifty percent of the working population of the OECD countries that are over the age of 65 have part-time employment.
9. Hungary
Retirement benefits: 90%
With all the flexibility of retirement, there are restrictions on part-time employment for retirees as well as for the able-bodied population.
These restrictions complicate the choice when you retire.
10. Bulgaria
Retirement benefits: 89%
According to the World Bank, retirees in the six countries with the highest pensions live 8 to 11 years longer than their colleagues from other countries.
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