Retirement Age Policies

Retirement age policies determine the age when individuals are eligible to leave the workforce and start receiving pension benefits. These policies vary by country and can change over time, often influenced by factors like life expectancy and economic needs. Some countries set a fixed retirement age, while others allow workers to choose when to retire, sometimes with incentives or penalties. The goal is to balance supporting an aging population with maintaining a sustainable pension system and ensuring workers have ample opportunity to plan their retirement.