Greek retirement age, and more on the Greek debt crisis
One of the things that’s often been mentioned, as making for difficulty in balancing the Greek budget, is Greece’s retirement age, which all articles agree is lower than in most of Europe. Oddly, the various articles I’ve read seem to disagree on just what Greece’s retirement age actually is, with some sources saying it’s as low as 58, while others say it’s 61, and the Greek government now plans to raise it to 63 by 2015. Either age would be lower than that of, for example, Germany, which raised its retirement age several years ago from 65 to 67. On the other hand, Greece is not alone in having a lower retirement age; the OECD blog reports that Turkey has a retirement age of 58. It also reports that labor force exit ages sometimes differ significantly from the retirement age, so that Austria, for example, has an average labor force exit age of 59, six years ahead of the official retirement age.
Source and more: Alexandria (March 8, 2010)