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10 Countries Paying People to Retire

These countries have the most generous public pensions

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#10: Czech Republic

  • Pension Replacement Rate: 50.2%
  • Male/Female Retirement Age: 61/58.7
  • Male/Female Life Expectancy: 79/81.8
  • Sovereign Debt as percentage of GDP: 36.6%
  • Employment Rate: 65.3%

The Czech Republic manages to pay 61-year old males with a median income more than half his salary prior to retirement. The deal gets even better for women, whose retirement age of 58.7 is the fourth lowest of all of the countries measured by the OECD. Still, pension spending is 9.1% of GDP, lower than any country on the list except for Turkey. Meanwhile, the country’s debt as a percentage of GDP is 36.6%, lower than all countries on the list except for Slovenia and Luxembourg.

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