PETALING JAYA: Malaysia’s retirement age of 60 is common worldwide but many countries are pushing the figure higher in tandem with a rise in the age of the population.
In an analysis carried out by The Star, information on the retirement age, life expectancy and the proportion of the elderly among the population in 153 countries were collected.
According to the UN’s data, 20.9% of Singapore’s population will be age 60 and above next year, nearly double the 11% for Malaysia. Rich countries where the people enjoy relatively longer lives make up the bulk of nations where the retirement age is at 65 and above.
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