How To Deal With The Problem Of Delayed Retirement Abroad?

The United States: weighing itself

When Americans retire at the age of 67, it is a bogus statement.

Many Americans are still playing the heat.

In fact, the United States does not have a strict retirement age, so long as you still work and the boss is willing to hire you, you can continue to work.

But for the enjoyment of social security benefits, the United States does have age requirements.

The retirement policy of the United States is divided into three levels.

Advance

At the age of 62, you can start pensions, but if you fight for 30 percent off, you will get a lower discount every month. Normal retirement: according to the date of birth, the Social Security Bureau of the United States has set a different retirement age. For example, those born before 1937 and 1937, the retirement age is 65 years old, those born between 1943 and 1954, the retirement age is 66 years old, and those born after 1960 and 1960 are 67 years old.

Those who retire within the normal retirement age can receive full pensions; those who choose to delay retirement can also receive rewarding benefits on the basis of their old pension.

This voluntary principle and gradual retirement system design allow people to choose according to their own circumstances, and the proportion of retirement benefits drawn up, especially for postponed retirement.

To some extent, it encourages Americans to postpone retirement.

But like many other countries, the US social security fund "reservoir" is also slipping into the dilemma of being unable to make ends meet. For this reason, the United States also has a debate about whether to raise the retirement age.

In 1970s, the retirement age prescribed by Japan was 55 years old. In 80s, the retirement age was extended to 60 years old, but now it is further extended to 65 years old.

In April 1, 2013, the Japanese "senior citizen employment stabilization law" amendment law was formally implemented. The law stipulates that enterprises are obliged to continue to employ employees under 65 years of age who are willing to retire but have the will to work. Under this influence, the actual retirement age line in Japan may be postponed to 5 years.

The background of this bill is the delay in the age of pensions.

The age of pensionable pensions increased from 60 to 61 years in 2025, and increased to 65 in 2025.

At present, the minimum age of payment for Japanese pensions is 25 years, and the starting age of payment is 65 years.

Japan has a system of exemption from old-age insurance for low-income groups.

The low-income group can apply for exemption from old-age insurance, and the pension insurance bureau decides whether to exempt or exempt the applicant according to the family income of the applicant.

However, in real life, there are very few women who can work until retirement age.

Most Japanese women choose to quit their jobs and return to their families after marriage and childbirth, and many of the men who undertake the heavy responsibilities of family support choose to "retreat".

Singapore: retirement age linked to provident fund

Singapore uses the provident fund pension system, the amount of the provident fund and wages are linked, the higher the wages, the more provident fund.

The provident fund is divided into several parts, the most important of which is pension, health care and housing.

Singaporeans have to pay the provident fund from the beginning of their work. When they retire, the government pays most of the provident fund at a time.

The provident fund payment rate in Singapore is basically stable at 40%, of which employers need to pay 17% and employees need to pay 23%.

The original rule is that when you retire at the age of 55, you can receive the provident fund. Then the retirement age extends from 55 to 60 years old, and now it is extended to 62 years old.

In addition, the government encourages employees who have reached retirement age but are in good health to continue to work, giving more than 60 year old employees more income from employment.

Take an average 62 year old employee with a salary of $5000 per month, for example, he received a new income of $1000 per month, which paid 30% of the total amount and the rest was pferred to the personal account of the provident fund.

Continuing work can bring a lot of benefits to the old employees, and can accumulate more pensions. Because the law stipulates that employers can rehire employees aged 62 or above, it is also reasonable for the elderly in Singapore to continue to exert their surplus heat, because it can enjoy the longer and longer sunset.