More than a million French people took to the streets last Thursday to demonstrate against raising the retirement age. That’s how it is in other countries.
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The general retirement age in France will be raised from 62 to 64 under a new law passed by Parliament without a vote last week, CNN Business reported on Friday.
It didn’t take much for the French to take to the streets and shout their dissatisfaction. However, this new retirement age will remain one of the lowest in the world, while pension benefits in Europe tend to hover around the age of 65 and increasingly move towards 67, American media said.
In the United States and the United Kingdom, the retirement age ranges from 66 to 67, depending on the year of birth, but could even rise from 67 to 68 in England.
In Canada, the median retirement age in 2022 was about 64.6, according to Statistics Canada, with a “common age” for drawing a pension being 65, according to the federal government’s website.
“However, you can get it as soon as you are 60 or wait until you are 70. If you draw your pension earlier, the amount that is paid to you each month will be reduced.
According to the Quebec government website, most plans in Quebec also have a standard retirement age of 65.