when did the government change the retirement age
2015
title: History of retirement text: History of retirement Retirement, or the practice of leaving one's job or ceasing to work after reaching a certain age, has been around since around the 18th century. Retirement as a government policy began to be adopted by countries during the late 19th century and the 20th century. Prior to the 18th century, the average life expectancy of people was between 26 and 40 years. Due to this, only a small percentage of the population were reaching an age where physical impairments began to be obstacles to working. There had been a long practice beginning in the Roman empire to title: History of retirement text: but still working for 15-20 more years. History of retirement Retirement, or the practice of leaving one's job or ceasing to work after reaching a certain age, has been around since around the 18th century. Retirement as a government policy began to be adopted by countries during the late 19th century and the 20th century. Prior to the 18th century, the average life expectancy of people was between 26 and 40 years. Due to this, only a small percentage of the population were reaching an age where physical impairments began to be obstacles to working. There had been a long title: Retirement age text: Retirement age This article lists the statutory retirement age in different countries. In some contexts, the retirement age is the age at which a person is expected or required to cease work and is usually the age at which they may be entitled to receive superannuation or other government benefits, like a state pension. Policy makers usually consider the demography, fiscal cost of ageing, health, life expectancy, nature of profession, supply of labour force etc. while deciding the retirement age. Many of the countries listed in the table below are in the process of reforming the ages (see the notes title: Retirement text: and hard ideological, social, cultural and political battles have been fought over whether this is a right. In many western countries this right is mentioned in national constitutions. Retirement, or the practice of leaving one's job or ceasing to work after reaching a certain age, has been around since around the 18th century. Prior to the 18th century, humans had an average life expectancy between 26 and 40 years. In consequence, only a small percentage of the population reached an age where physical impairments began to be obstacles to working. Countries began to adopt government policies on retirement during the title: Retirement age text: 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. Reforms tend to be phased-in