Bangalore: If you are planning about your retirement then you must also choose the country where can retire happily as there are 10 countries in the world which pays huge pensions according to 24/7 Wall St as reported by Rediff mail.com

1. Austria

Officially known as the Republic of Austria, is spread across 83,855 sq km with the population of 8.47 million people. This nation provides a good employment rate 72.2 percent. Here a male employee retires at 65 years and female employees retire at 60 years.  You will receive more than three-quarters of your salary i.e 72.2 percent of your median income in government can during the years of your retirement.

2. Greece

A peaceful retirement in Greece will support you with 95. 7 percent Pension Replacement Rate which means you will receive the nearly same amount in pension which you earned as your full salary before you reached the age of 57 years. After taking retirement from job you shall receive pension benefits for 23 years and your wife will continue receiving the service for more 4 years after your death.

3. Luxembourg

The chances of you getting a job in Luxembourg are bright as the number of people employed in services is 65.3 percent. After you retire at the age of 60 and live as long as for 80 years while your wife shall live for 4 years more than you can draw 87.4 percent of our income as your retirement pension.