In Europe we are the ones who retire later (and the EU wants us to go there too)

If it is true that the trend is upward throughout Europe, it is also true that at the moment Italy is the country where you retire later. The retirement age is 67 years as well as only in Greece, after the reform imposed by the Union to grant yet another economic aid to Athens, and in the rich (and apparently hard-working) Denmark, where, however, women are allowed go there six months before men.

Pensions in Europe

In most member countries, you can leave your job at 65: Belgium, Croatia (but women at 62 and nine months), Cyprus, Luxembourg, Hungary, Slovenia, Austria and Poland (in both the latter women at 60 ) and Romania (women at 61 and nine months). In Germany one retires at 65 years and nine months, while at 66 in Ireland and Spain, in France at 66 years and seven months and in Bulgaria at 66 years and nine months. The country where you retire first of all is Malta, where at 63 you can already leave your job, then there are the Czech Republic with 63 years and ten months, Latvia with 64 and Lithuania with 64 and two months. . In Sweden and Finland, the retirement age is flexible, which means that a person can apply for a pension within a certain age group ranging from 62 to 68 for the first country and from 63 and nine months to 68 for the second.

The demands of Brussels

However, the European Commission has asked everyone to raise these levels, in its Green Paper on demographic aging, published earlier this year, the EU executive states that if in the next two decades European countries want to maintain sustainable pension systems , they may have to extend their working life on average to 70 years. A share that for Italy would even rise to 71. The latest Eurostat projections suggest that only workers in Malta, Hungary and Sweden would be able to retire before the age of seventy, while in Lithuania and Luxembourg it would reach 72. years. According to the EU executive, given that the average age of Europeans is growing, “in the absence of further reforms, the higher number of retirees associated with the lower number of people of working age is likely to result in higher contribution rates and replacement of lower pensions to ensure the sustainability of public finances ”, and these developments“ can generate a double burden for the younger generations and therefore raise issues of intergenerational equity ”. For this reason, according to Brussels, “the extension of working life represents a fundamental response in this regard”.