Eastern Europeans get to retire earliest

The
average male worker in Eastern Europe
can claim his state pension two-and-a-half years earlier than those in Western
Europe, according to research. For women, the
difference is even greater, at five years.

A
study by HR consultancy Mercer shows that in Eastern
Europe, the average state pension age for women is 58
years and 11 months compared to 63 years and 11 months in Western
Europe.

Meanwhile,
Eastern European men are able to claim their state pension at 62 years and 3
months, whereas those in the West must wait until they are at least 64 years
and 10 months, on average.

Mark
Sullivan, European partner at Mercer, said: “There have been many changes to
statutory retirement ages in the past few years as countries aim to reform
their social security systems. Though Eastern European countries generally have
lower state pension ages for both men and women, they look set to increase
gradually in the future.”

By Daniel Thomas

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