Many countries are contemplating or are already in the process of raising the retirement age for their national pension systems. However, in many places, this is simply a reversal of earlier declines in the retirement age. Many governments relaxed retirement-age rules in the 1970s and 1980s, and are now restoring retirement ages to their former levels.

The average global retirement age was 64.3 for men in 1949, but gradually fell to a low of 62.5 in 1993, according to an Organisation for Economic Co-operation and Development analysis of retirement ages in 30 countries with national retirement plans. continue reading>>

Source: US News Money



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