Will Germans have to work until they are 70? There are many indications of this

ByValeska
Berlin, zdjęcie ilustracyjne

Retirement only after the age of seventy? This scenario is becoming more and more likely.

Will Germans work until they are 70? There are many indications of this. This is what the Merz government wants, as it is pushing for an increase in the retirement age to 70. This is also forced by demographic changes.

– The demographic situation is clear: fewer people paying contributions, more retirees, longer pension payment periods. The ratio of people paying contributions to those receiving benefits has changed significantly since the 1960s and will continue to do so. This is not a political opinion, but mathematics – noted Alexander Siegmund, managing director of KPM Pensions & Benefits GmbH, quoted by “Frankfurter Rundschau”.

The discussion about the Odra River is gaining momentum

There are more and more concerned voices in the German public space. Experts warn that the reform may result in even greater impoverishment of pensioners. The emphasis “even greater” is important here because the times when German pensions were secure are slowly becoming a thing of the past. Beyond the Oder, not only are there growing concerns about financial security in retirement, but there are also more and more seniors who are already living on the poverty line.

Retirement age in Europe

If Germany raised the retirement age to 70, it would be the longest working country in Europe. Today, the average retirement age on the Old Continent is 65–57 years. In Poland, the current retirement age is 65 for men and 60 for women. It is worth noting that in most European countries there is no distinction in retirement age based on gender. Here are some examples:

  • Austria – 65 years old,

  • Belgium – 65 years old,

  • Croatia – 65 years old,

  • Cyprus – 65 years old,

  • Denmark – 67 years,

  • Estonia – 65 years,

  • France – 62 years,

  • Greece – 67 years,

  • Spain – 67 years,

  • Netherlands – 67 years old,

  • Ireland – 68 years,

  • Lithuania – 65 years old,

  • Luxembourg – 65 years old,

  • Latvia – 65 years old,

  • Germany – 67 years (target),

  • Portugal – 66 years old,

  • Slovenia – 65 years old,

  • Sweden – 65 years old,

  • Hungary – 65 years old,

  • Great Britain – 65 years old,

  • Italy – 66 years.

The distinction in retirement age for women and men still exists not only in Poland, but also, for example, in:

  • Belarus – 63 years for men, 58 years for women,

  • Moldova – 62 years for men, 57 years for women,

  • Russia – 65 years for men, 60 years for women,

  • Ukraine – 62 years for men, 60 years for women.

FAQ – the most frequently asked questions about the retirement age in Europe

What is the average retirement age in Europe?

The average age is 65-67 years, although it varies depending on country and gender.

Which countries have the highest retirement age?

The highest retirement age is in Ireland – 68, Spain, Greece and the Netherlands – 67.

Is the retirement age the same for women and men in individual European countries?

NO. In most countries there is no gender distinction, but in Poland, Belarus, Moldova and Ukraine, for example, women retire earlier.

What is the retirement age in Poland?

Women – 60 years old, men – 65 years old.

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