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10 Countries Paying People to Retire

These countries have the most generous public pensions

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#2: Luxembourg

  • Pension Replacement Rate: 87.4%
  • Male/Female Retirement Age: 60/60
  • Male/Female Life Expectancy: 80.9/84.7
  • Sovereign Debt as percentage of GDP: 12.6%
  • Employment Rate: 65.3%

In Luxembourg, once reaching the age of 60, citizens making the median income can begin drawing 87.4% of their income. Meanwhile, for those making only half the median income, they can take home 97.9% of their salary by age 60. Fortunately, Luxembourg’s economy is far stronger than other European countries such as Greece. Its sovereign debt is only 12.6% of GDP, the best of all countries on this list and the fourth best of countries measured by the OECD. Furthermore, household disposable income is $35,321, second only to the U.S. in the countries measured by the OECD, while household wealth is $72,644, after only the U.S. and Switzerland.

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