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New York City, USA. American retirement age to receive Social Security - the national pension programme - is 66 for both men and women, set to go up to 67 by 2027. Getty

Edinburgh, Scotland, UK. Great Britain's state pension age is 65, with plans to raise it to 67 by 2028 and 68 by 2046.

Budapest, Hungary. The general retirement age is 64, but Hungary plans to raise the age to 65 by 2022. Getty

Ibiza, Spain. Retirement with pension is possible from 65 years if 36-and-a-half years of social security contributions are paid. Citizens can retire two years before state pension age as long as they have at least 33 years of contributions. AFP

Stockholm, Sweden. The retirement age in Norway, Sweden and Finland is flexible, with citizens able to take out their pension within a certain age range. In Sweden that range is 61 to 67 years with plans to increase the range to 63-69 by 2023. Getty

Sydney, Australia. The pension-eligible retirement age is rising on the continent from 66 now to 67 by 2023. Alamy

Toronto, Canada. Canadians can apply for and receive a full retirement pension at age 65 or receive it as early as age 60 with a reduction, or as late as age 70 with an increase. An outlier, the government has no plan in place to raise the retirement age. Getty

Iceland's Arctic Coast Way. The normal pension age for Icelanders is 67, which can be received in full with 40 years’ residency. Courtesy Lonely Planet

Honshu, Japan. Japan requires companies to allow employees to work until 65 but in practice most companies set a mandatory retirement age at 60, with an option of further five years’ work on reduced pay. Prime Minister Shinzo Abe is working to increase the retirement age to 70 amid a labour crunch and ballooning pension costs, Reuters reported in April. Getty

Tromso, Norway. Norwegians can retire with a pension at 67. Pixabay

St Petersburg, Russia. For pension benefits, Russian men can retire at 60-and-a-half and women at 55-and-a-half, with the country aiming to extend the limit to 65 and 60 by 2028 for men and women, respectively. Getty

New York City, USA. American retirement age to receive Social Security - the national pension programme - is 66 for both men and women, set to go up to 67 by 2027. Getty

Edinburgh, Scotland, UK. Great Britain's state pension age is 65, with plans to raise it to 67 by 2028 and 68 by 2046.

Budapest, Hungary. The general retirement age is 64, but Hungary plans to raise the age to 65 by 2022. Getty

Ibiza, Spain. Retirement with pension is possible from 65 years if 36-and-a-half years of social security contributions are paid. Citizens can retire two years before state pension age as long as they have at least 33 years of contributions. AFP

Stockholm, Sweden. The retirement age in Norway, Sweden and Finland is flexible, with citizens able to take out their pension within a certain age range. In Sweden that range is 61 to 67 years with plans to increase the range to 63-69 by 2023. Getty

Sydney, Australia. The pension-eligible retirement age is rising on the continent from 66 now to 67 by 2023. Alamy

Toronto, Canada. Canadians can apply for and receive a full retirement pension at age 65 or receive it as early as age 60 with a reduction, or as late as age 70 with an increase. An outlier, the government has no plan in place to raise the retirement age. Getty

Iceland's Arctic Coast Way. The normal pension age for Icelanders is 67, which can be received in full with 40 years’ residency. Courtesy Lonely Planet

Honshu, Japan. Japan requires companies to allow employees to work until 65 but in practice most companies set a mandatory retirement age at 60, with an option of further five years’ work on reduced pay. Prime Minister Shinzo Abe is working to increase the retirement age to 70 amid a labour crunch and ballooning pension costs, Reuters reported in April. Getty

Tromso, Norway. Norwegians can retire with a pension at 67. Pixabay

St Petersburg, Russia. For pension benefits, Russian men can retire at 60-and-a-half and women at 55-and-a-half, with the country aiming to extend the limit to 65 and 60 by 2028 for men and women, respectively. Getty

New York City, USA. American retirement age to receive Social Security - the national pension programme - is 66 for both men and women, set to go up to 67 by 2027. Getty

Singapore to raise retirement age reflecting global trend

Countries around the world are increasing retirement ages as they face demographic pressure and slowing economies

The National

August 19, 2019

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