OECD: the retirement age will rise in many countries, in Italy to 70

John

By John

The average pension age “in OECD countries will go from 63.9 years and 64.7 years respectively for women and men who retired in 2024, to 65.9 years and 66.4 years for those who began their career in 2024”: this is what we read in the ‘Pension Panorama 2025’ published by the OECD.

“On the basis of the legislation in force – it is specified in the document – the normal retirement age will increase in over half of the OECD countries to settle in a range between 62 years in Colombia (for men, 57 for women), in Luxembourg and Slovenia, to 70 years or more in Denmark, Estonia, Italy, the Netherlands and Sweden”.

”Women receive monthly pensions on average one quarter lower than those of men in OECD countries.”

”This gap – specifies the international body based in Paris – is less than 10% in Estonia, Iceland, Slovakia, Slovenia and the Czech Republic and over 35% in Austria, Mexico, Holland and the United Kingdom, reaching up to 47% in Japan”.

For the OECD, “the average gap between women and men in terms of pensions in OECD countries has decreased from 28% in 2007 to 23% in 2024, and this trend is expected to continue”.

”The working population (20-64 years) is expected to decline by more than 30% over the next four decades in Spain, Estonia, Greece, Japan and the Slovak Republic, and by more than 35% in Korea, Italy, Latvia, Lithuania and Poland”.