Retirement age to increase - OECD report: Population aging will accelerate
The average retirement age in OECD countries will increase from 63.9 and 64.7 years, respectively, for women and men who retired in 2024, to 65.9 and 66.4 years for those who started their careers in 2024.
"Based on current legislation," the document specifies, "the normal retirement age will increase in more than half of OECD countries, starting from 62 years in Colombia (for men, 57 for women), Luxembourg and Slovenia, to 70 years or older in Denmark, Estonia, Italy, the Netherlands and Sweden."
Population ageing will accelerate over the next 25 years. In OECD countries, the average number of people aged 65 and over for every 100 people aged 20 to 64 is expected to increase from 33 in 2025 to 52 in 2050, compared with 22 in 2000. The increase is expected to be particularly strong in Korea, representing almost 50 percentage points, but also in Spain, Greece, Italy, Poland and the Slovak Republic, where it is expected to reach over 25 percentage points.
"The working-age population (20-64 years old) is expected to decline by more than 30% over the next four decades in Spain, Estonia, Greece, Japan and the Slovak Republic, and by more than 35% in Korea, Italy, Latvia, Lithuania and Poland."
"A full harmonisation of the age requirements for early retirement between men and women would help reduce the amount of the PPG," according to the Italian section of the "Pensions Panorama" 2025 presented by the OECD in Paris. The PPG is the percentage difference in average pension income between men and women, without taking into account individual characteristics such as age and education.
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