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亚马逊云[账‘号’(www.2km.me)_Global trends on the ageing workforce

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AmBank Group chief economist Anthony Dass, Norway has the highest average age of retirement, with people in the country retiring between 62 to 75 years, depending on the earnings-related benefits and pensions.

WITH a rising global ageing population, the official age of retirement is edging upwards in most developed countries.

The move is driven by a need to sustain labour productivity and support senior employees who want to work longer in order to improve their financial position during retirement phase.

Higher costs of living are also nudging senior citizens to continue working as long as their health permits.

As such, there has been a rise of inclusive workplaces in supporting part-time work arrangements, skills training and career discussions for senior workers in developed countries.

Citing the examples of Japan and Denmark, Deloitte South-East Asia consulting director Lee Yun-Han says employers in these countries commit to engage with matured workers from age 40 on their career plans.

“Singapore, the Netherlands and the United Kingdom also have schemes for workers to receive guidance on career plans,” he adds.

But there is a telling trend showing that the official retirement age, which had been declining over the last last six decades, appears to be reversing now.

Notably, the average retirement age for men fell from 68.6 years in 1960 to 63.5 years in 2009, while for women, it dropped from 66.7 years to 62.3 years in the same period, according to a report by the Organisation for Economic Co-operation and Development titled “Pensions at a Glance 2011”.

Now it can be seen that governments in European countries with older populations are looking to increase the official retirement age to even 68 years.

For instance, Ireland’s retirement age is to be raised to 68 years by 2028, from 66 currently.

Denmark is also looking to up its age of retirement to 68 years by 2030 from 66 now.

Another European country, Germany, will raise its retirement age to 67 years by 2029 from 65 presently.

But which country has the highest average age of retirement?

According to AmBank Group chief economist Anthony Dass, Norway has the highest average age of retirement, with people in the country retiring between 62 to 75 years, depending on the earnings-related benefits and pensions.

For the country’s national pension, Denmark’s retirement age stands at 67 years presently.

Besides European countries, Taiwan’s retirement age will gradually creep upwards to 68 years by 2028 from 65 currently.

Even China, the world’s most populated country, is looking to raise its retirement age to offset the economic impact of its ageing population. The retirement age, which is set at 60 years for men and 55 years for women working in the public sector, has not been changed since 1949.

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