What is the retirement age in your county?
By burrito88
@burrito88 (2774)
United States
October 26, 2010 12:14am CST
In the US the retirement age was always 65 years old but lately the gradually raised it to 67 and I think they would really like you to retire at 70 so that you don't collect your pension or social security until later. No one really complained. In France, the age was 60 and now they are trying to raise it to 62 which is causing strikes and riots. The gasoline strike there has apparently even affected us here. What is the retirement age where you live?
6 people like this
24 responses
@lelin1123 (15595)
• Puerto Rico
26 Oct 10
In the US I thought it had been 62 for years till they raised it to 65 but it all depends on when the changes were made and your age. I know my daughters have to supposely work till 70, which is totally ridulous to me. For me I can retire at 62 which is only 8 more years. I truly believe that if you worked all your life you should be able to retire at 50 or 55 so you can enjoy some part of your life without having to get up everyday for work. So many people before or just when they retire end up dying which is just not fair in my opinion.
1 person likes this
@puccagirl (7294)
• Israel
26 Oct 10
Yes, I agree. The retirement age should not be very high, because I think part of the fun for many people is to be able to travel and relax etc. once you are retired, and the older you get, the harder it will be, due to health issues etc.
@burrito88 (2774)
• United States
26 Oct 10
I was primarily referring to social security. You can retire at 62 but you won't get full benefits from social security. They have been raising the age for that from 65 to 67. The longer you wait the higher your payments will. There are of course some jobs like police, fire, etc. where you can retire and start collecting on a pension after 20 years service.
@peavey (16936)
• United States
26 Oct 10
In the US, it depends on when you were born as to how old you have to be before you can draw Social Security benefits and I'm not sure exactly when that is. I do know that you can take early retirement at 62 if you were born in 1945, because I did that. You won't get all your Social Security, but you can do it.
I think it's short sighted of the French to try to demand retirement at 60 for everyone. Where does the money come from? Governments don't have money of their own, it all comes from the people and if enough people quit working, who's going to pay for their retirement?
I think maybe more of those in the US have a better grasp of the economics because of the way our economy works here. We have fewer taxes, fewer entitlements and more independence when it comes to money than most nations.
1 person likes this
@burrito88 (2774)
• United States
26 Oct 10
In the US for social security, you can start drawing at 62, but the benefits are reduced. They are now trying to push the age from 65 to 67. You are right about taxation. I think some countries in Europe tax at rates of 50% or more.
@whyaskq (7523)
• Singapore
27 Oct 10
I think the retirement age does not really matter if one can afford to retire early. I am sure many would want to retire early, way before one reaches the official retirement age. When one still needs to make ends meet in old age, it does not matter what is the official retirement age.
@burrito88 (2774)
• United States
12 Dec 11
There is the problem, having enough money to pay the bills. This is more difficult if you are not at retirement age and can not find a job.
@3SnuggleBunnies (16374)
• United States
11 Dec 11
I am in the US as well. I think for my generation it is 70 to be able to collect. I would like to see our retirment age be knocked down to 60 here myself. I think they keep raising it because there are less people paying in than are collecting, they have spent a portion of the social security money on other things, people are living longer ect. I don't know about you but I don't think I'll ever be able to retire, I'll have to keep working probably til the day I die. Life is too expensive and it's hard to save anything when you have enough trouble making ends meet.
@burrito88 (2774)
• United States
12 Dec 11
For social security in the US, the retirement age for full benefits used to be 65. for me it is now 66. For you currently it would be 67 unless they raise the age again which seems likely. You can retire as early as 62 but you will not get the maximum benefit. People have been unable to collect any money earlier unless they are disabled but the government has been borrowing against the fund and not paying the money back. Perhaps in your lifetime they will find cures for cancer and old age. But then you will need to keep working because the retirement age may jump to 80 or 100.
@333tangtang (404)
• China
27 Oct 10
huh seems our Chinese are little bit earlier age for retirement?
we are here male is 60 years,and female is 55 years old.
@burrito88 (2774)
• United States
12 Dec 11
You may face a problem in the future where there are too many retirees and not enough young people paying into retirement accounts.
@funkyguy009 (138)
• India
26 Oct 10
I live in India and the retirement age is 60 years old for government jobs. In private sector one can stretch upto the age of 65-70 years old.
1 person likes this
@derek_a (10874)
•
27 Oct 10
Here in the UK for men the retirement age is 65 and for women it is 60, but very soon that is all going to change as both men and women are going to have to work until 66. IN later years there is talk about raising it to 70. There has been talk about having strikes similar to France, but whether it will happen or not, remains to be seen. _Derek
@dorisday1971 (5657)
• Philippines
26 Oct 10
In our country, the complusory retirement age is 65 except for the Supreme Court Justice wherein they can retire at 70.
Employees may also retire at 60 or even younger for optional retirement.
Have a wonderful day.
@burrito88 (2774)
• United States
12 Dec 11
Here in the US, Supreme Court Justices can stay in their job as long as they like. They are not forced to retire and are appointed for life. They can be expelled by congress, I think, if they become incompetent but I don't think that has ever happened.
@nobbsy123 (851)
• Australia
26 Oct 10
Retirement age is 65 here in Australia. I do see two problems with this.
1. The life expectancy is meant to be increasing which means more people less jobs.
2. People that are close to retirement age may not be able to work as fast or be as fit as younger workers....Less likely for employers to keep them working at that age.
I'm not a politician and cannot really suggest what the government should do about the problem but maybe lower the retirement age.
@burrito88 (2774)
• United States
12 Dec 11
The retirement age should probably take into consideration the type of job one has. People with physically demanding jobs can not continually perform those jobs and in many cases may need to retire early because their health may be poorer.
@chrislotz (8137)
• Canada
29 Oct 11
A person can still collect their pension and work, they just can't collect their old age pension, which is like a income suppliment here in canada. You can collect your canada pension but if you are working you collect a little less is all. I know a man that works in the Federal government and collects a big paycheck and is also collecting his canadian pension because he is over 65 years old, he is 74 years old. He is also collecting his pension from being in the RCMP for 25 years. He just can't collect his old age pension because he is still working.
I hope I am right in all of this because it is just what I have been told and don't know from my own experiences yet. I know I won't be able to retire when I am 65 years old unless something really drastic changes for me. I am 54 years old and self employed cleaning houses and single so I can't see it ever happening for me. I will never be able to afford to not work.
So I live in Canada and we aren't much different than US citizens except it is still at the age of 65 here. You can collect your canada pension once you turn 60 years old but you loose a percentage because it is before you are 65 years old.
Good luck and happy mylotting my friend,
Chris
@lady1993 (27224)
• Philippines
29 Nov 10
In the Philippines it's 60 years old..I think. I don't like it at all- because work is really needed here, if a man can still work I think he still should not retire. But isn't 70 a bit too old? I never thought that raising the retirement age was because pension and ss..
@deriellevc73 (982)
• Philippines
26 Oct 10
hello burrito88!
in the Philippines, the mandatory retirement age is 65 while 60 years old is the optional. For armed men, 56 years old is the retirement age. The government as of late had passed a bill reducing the retirement age to 56, to mimic that of the uniformed men policy. However, this bill has not yet been passed and approved as of this writing. The aim for this new bill is to let retirees enjoy their pensions and let them enjoy their twilight years while they still have the strength and good health. On the other hand, (the ones they're not telling the public), this move will also ensure that men and women in the bureau would be still able-bodied to do the job. As you see, many aged employees have the tendency to be lax in their work, often has difficulty dealing with instructions and new innovations in the work area. They are also the ones who are difficult to train for new changes, since they would always say that they have been used to a particular procedure, way and would not do it otherwise, since its what's tested and proven according to their standards.
Of course, this is the general picture. there are still a lot of men and women in their 60s and even 80's who are still agile, sharp-witted and learns easy, with regards to new teachings.
Your people have great cause to be upset by these changes. Who will enjoy their pensions when they are not even able to walk by themselves anymore come retirement age? 60s and beyond should be taking their grand vacations and should live their life like never before. they should be taking it easy at that age, not working their butt-off because the government deems it fit to retire you.
@burrito88 (2774)
• United States
12 Dec 11
I have the problem where I would like to work but can't find a job in my field in part because of my age. I've tried going to school and learning different things, but then I have two things against me, my age and lack of experience. I would like to at least have the option of retiring at 60 even with reduced benefits.
@durgabala (1360)
• India
26 Oct 10
well retirement age differes with states in India
central govt employees retirement age is 60, some state govt retirement age is 58. private company do not have any set age for retirement, u can work till u die...hahha
i think the country should have a fixed retirement age all over , may be 60 yrs.
@burrito88 (2774)
• United States
12 Dec 11
With increasing life expectancy 60 may be too low, however, the option to retire at 60 would be good even with reduced benefits.
@saqi78 (1402)
• Malaysia
26 Oct 10
In my country the retirement age is 60 and I think it is quite good to have retirement at this age. As we know the average life a human is at decline so instead of increasing the retirement age there should be decline, I dont know why they are increasing this age, there ll a valid point for this too, may be the population rate or other factors, but every one has h/her right. It is good to retire early so can enjoy the remaining days of life with grand sons and daughters...
@burrito88 (2774)
• United States
12 Dec 11
They can't decrease the retirement age because people are living longer. Also, in countries like mine, people are having fewer children so there are fewer people paying into retirement accounts.
@lady1993 (27224)
• Philippines
26 Oct 10
In the Philippines it's 60 years old..I think. I don't like it at all- because work is really needed here, if a man can still work I think he still should not retire. But isn't 70 a bit too old? I never thought that raising the retirement age was because pension and ss..
@puccagirl (7294)
• Israel
26 Oct 10
I am not 100 % sure, but I think it is 60 for women and 65 for for men. I think 65 is acceptable, this is the retirement age where I grew up.
@hippiemomdiaries (815)
• Philippines
26 Oct 10
Here in the Philippines, the retirement age is about 60 to 65 years old; I think for government employees, it's 65 years. I think this age range is a pretty valid and ideal age to retire. Some are still strong enough to enjoy life and relax, and yet some still work and pursue their own business ventures
@mhypie03 (683)
• Philippines
26 Oct 10
Before it was 60 here in the Philippines but now they raised it to 65. So yeah, it's likely because average life span becomes shorter so they'll get more benefits from the social security that has been paid by a poor man through out the years he was thinking about his future retirement.
@louis6161 (92)
• China
26 Oct 10
I live in china , Man will retire in 60 and the Woman will retire in 55, but the govermenet will try to delay the retire old to 65 for man and 60 for women , I can not accept it , because when I was 60 , I can not find any job