Investor Presentaiton
The normal retirement age will remain
about one year below the OECD average
Normal retirement age for men entering the labour market at age 22 with a full career
75
73
71
69
67
65
63
61
59
57
5455
Future
♦ Current
Γ
-OECD: future
I
OECD: current
Hungary.
Lithuania
Switzerland
ew Zealand in p
Chile
Japan
Canada
Netherlands
Estonia
reland
United Kingdom
Finland
Portugal
Iceland
srael
Norway
United States
Germany
Australia
Belgium
France
Austria
Denmark
Italy
Source: Figure 1.14
Turkey
Slovenia
Luxembourg.
Czech Republic.
Latvia
Korea
Slovak Republic
Greece
Normal retirement ages are increasing in half of OECD
countries, including in the Czech Republic
The share of adult lifetime spent in retirement is
projected to increase in the Czech Republic
Early retirement age will remain at age 60 years while
the current OECD average is already 61.2 years
OECD Recommendations:
-
Implement the legislated increase until 2037
Link to gains in life expectancy after that
Raise the minimum retirement age and
adjust it to life expectancy as well
See later and Chapter 2 for more detail and additional
measures to improve financial sustainability
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