Retirement age at 60, is it the same in other countries?

@LadyDuck I know its different in every country but i guess the age bracket is nearly at age 60 up

@kepweng I have no idea how it works in the other countries. I know how it is here in Europe.

@chavezrmc In most European countries is now 65 and up for men, some are still 60 for women, but the age is increasing in all countries and women equalized to men.

@Starmaiden We also can retire at any age, but the Government only starts to pay your pension when you reach the "legal retirement age": 66 for the women, 67 for men. If you have savings, you can retire when you like, you will get less from the Government, because every year counts.

@LadyDuck People should receive their full pensions at 66/67 regardless of the amount in their RRSPs. That's my opinion. :-)

@LadyDuck It is like that in Canada also. :-)

@KrauseHome i guess most countries adopt nearly same laws on retirement age. But of course we can always go work again after getting our benefits. At least we can have the chance to use it for anything that can help us maybe busines, or even holidays.

@sprite1950 It's okay to work as long as you can. It's still a choice of the person. Others want to retire early so they can get their benefits. They want to start a business or help their children start one. There's always a purpose.

@sprite1950 But i am sure you love it. I'm happy for you.

@chavezrmc I couldn't wait to retire although as luck would have it I had to take on custody of my granddaughter on my 60th birthday so I wasn't quite as free as I thought I would be.

@mlgen1037 It's just an optional retirement at 55. you can still go on working till age 60. More retirees, more jobs to the unemployed

@mlgen1037 well that's good to hear. What is important is we can choose an option that will be good for us.

@chavezrmc well, it it is for the common good, then go for it. Hehehe

@Jessabuma i hope they can pass this bill soon. It can benefit both the young and the old.

@chavezrmc yes that's right. But when did you heard about this? I am aware of it.

@Jessabuma There are lots of proposed bills already years ago but till now not a single bill had been approvef

@scarlet_woman I hope there are good reasons for it and what is important is it will be acceptable and beneficial to everyone. We all need to retire and enjoy life while young.

@chavezrmc nope.they just want to get the most out of us for the longest time.

@scarlet_woman I know it can be like that and that its sad to think this is really happening. Wish there can be a Win-Win solution for everyone. so all is happy

@youless. Don't you think it will be unfair to men? And besides statistically speaking women live longer than men.

@youless too bad my friend

@chavezrmc Of course it is unfair. But I am unable to change it.

@topffer Don't the workers pay a contribution for Social Security Service of Government if they are working in the government?

@chavezrmc Everybody pays for social security. There are different schemes of social security (students, farmers, etc) but public servants are at the same general scheme than most of employees. The only difference in charges is that a public servant does not pay for unemployment as he cannot be fired.

@nitirrbb7 Let's hope and pray. It will benefit a lot of people. Both the young and old.

@nitirrbb7 i pray the same too my friend.

@chavezrmc My prayers it does

@aureliah As long as they want to work is okay. But when we say retirement, that is when we can receive what is due to us for the past years of our service. It's still our money and the employer who contribute for that benefit.

@chavezrmc oooh okay now I understand. It should be received earlier at least at 60 so one can enjoy the benefits early

@Daelii we have our forced retirement at 65.

@chavezrmc here you can collect some benefits at 62, a little more if you do it at 65. They try to encourage people to wait for 70 with better packages but its mostly an attempt to save money in the government hope people die before they start claiming. Many here retire but still work

@chavezrmc exactly! It does bug me when young people talk about elderly on welfare. Its like get a job and pay that social security tax for 40+ years. Then you can realizes its an earned benefit!

@rheicel In all cases, there will always be an option to choose. I know it depends on the person what's best for him/her

@chavezrmc And I hope there's no discrimination about the age because some companies don't hire oldies so if ever they're gonna pass the law lowering down the retirement age they might hire young people so they can serve the company for longer years.

@SRSaba i know it is a good choice too

@chavezrmc Yes!

@maezee In the government service it is like that. I'm not so sure how it is to the private corporations or companies.

@infatuatedbby. Yes of course there's a required no. of contributions to qualify.

@chavezrmc Yes yes!

@JohnRoberts maybe in private companies you can go work as long as you want to.

@sathvicsouvik so.maybe they are following a certain statistics across the globe

@lynnief That is sad that the pension can be given only when you reach 65. Here in PH we can have our pension when we reach 60 years of age that is if we want to retire. But yes we can go on working till 65. Others retire early so they can start a new business, others go for vacation or holidays. But they can still work in private companies if they can find one that accept them. But usually most retirees are already sickly if not they take maintenance meds already. So retirement fees goes to medical expenses at the most. That is why there are proposed bill to lower the retirement age in that way, retirees can still enjoy what benefits they can get while still young able to do so.