in January 2019 at age 61; those born in January 1961 will retire in January 2023 at age 62; those born in January 1967 will retire in January 2030 at age 63). The average of statutory retirement age in the 34 countries of the Organisation for Economic Co-operation and Development (OECD) in 2014 was: males 65 years and females 63.5 years, but the tendency all over the world is to increase the retirement age. This is also reflected by the findings that just over half the Asian investors surveyed region-wide said they agreed with raising the retirement age, with a quarter disagreeing and the remainder undecided. Reform Reforms tend to be phased in slowly when the retirement age (or pension age) is increased with grandfathering, ensuring a gradual change. In contrast, when the age of retirement is decreased, changes are often brought about rapidly. One of such examples of grandfathering is the transitional pension rules, which were applied for staff aged 54 years or older, and to some extent, for all staff in place, when in 2014, the retirement age of European civil servants was increased to 66 years of age. Men retire either later than women or at the same time. This is being addressed in some countries, where the retirement ages are being equalized. See also Pension Retirement Retirement in Europe Mandatory retirement History of retirement References External links Only three other countries in the EU plan to increase retirement age above 65 Age Age and society