The United States implements a flexible retirement system and sets three statutory retirement ages: the normal retirement age, the earliest early retirement age (62 years old), and the maximum rewardable delayed retirement age (70 years old). It rewards late retirement and penalizes early retirement. Citizens can choose to “early retire” before the normal retirement age, but the earliest retirement age cannot be earlier than 62 years old, and early retirement must deduct monthly pensions, up to 30%. On the contrary, if you reach the normal retirement age and you do not go through the retirement procedures and do not receive a pension, then you can request to voluntarily delay retirement, but the maximum rewardable delayed retirement age is 70 years old. When you retire at age 70, your monthly pension will increase by up to an additional 30%.
Italy adopted a flexible policy of delaying the retirement age in 1995 and 2004. The retirement age is mainly increased by increasing the pension insurance payment period: the policy in 1995 stipulates that as long as the insured has paid for 35 years, they can choose to retire early at any age between 57 and 65 years old, and the choice is valid until 2035; 2004 It is proposed that early retirement of male employees must meet two conditions at the same time, that is, the pension insurance has paid for 35 years and reached the minimum age standard (the minimum age standard in 2008 was 60 years old, in 2010 it was 61 years old, and in 2014 it was 62 years old).
Spain’s pension reform bill passed in January 2009 stipulates that only those who are 65 years old and have paid pension insurance for 38.5 years or 67 years old who have paid pension insurance for 37 years can receive a full pension.
Poland In June 2012, Poland introduced a reform bill, which changed the retirement age of women at 60 and men at 65 to 67. The reform is progressive, that is, it is extended by 3 months each year, all men will retire at 67 by 2020, and all women will retire at 67 by 2040.
Singapore Singapore plans to raise the statutory retirement and re-employment ages to 65 and 70 by 2030. In addition, Singapore will raise the CPF contribution rate for older workers on January 1, 2022, and the government will cover half of the increase in the first year. The government will also inject an additional S$230 million (about 1.15 billion yuan) to subsidize the welfare expenses incurred by companies for early retirement and reemployment age and part-time reemployment.
