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10 Countries Paying People to Retire

These countries have the most generous public pensions

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#8: Finland

  • Pension Replacement Rate: 57.8%
  • Male/Female Retirement Age: 65/65
  • Male/Female Life Expectancy: 82.4/86.1
  • Sovereign Debt as percentage of GDP: 41.7%
  • Employment Rate: 68.4%

The retirement age for both men and women in Finland is also 65, but retirees get 57.8% of their income prior to retirement. Finland currently pays out 12% of its GDP in public pensions, which is the sixth highest out of the 31 countries for which the OECD has data and well higher than the OECD average of 8.4%. But the high pension spending hasn’t necessarily taken an undue burden on the country’s overall fiscal health. Finland’s sovereign debt of 41.7% of GDP is far better than countries such as Greece and Italy.

Article printed from InvestorPlace Media,

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