10 Countries That Spends Lavishly On Pension


7. Slovenia

The inflow of foreign direct investment is very low in Slovenia, as the European economic crisis which started in late 2000s has severely affected the Slovenian economy. The Employment Rate is 65.8 per cent and the retirement age of male and female is 63 and 61 respectively. While you live till 80 and your wife till 84 then you both will be facilitated with pensions of 62.4 percent of your salaries.

8. Finland

Men and Women retire in Finland at the age of 65 years and receive a pension of 57.8 percent of your income prior to retirement. Finland pays 12 percent of its GDP in public pensions, which is the sixth highest out of the 31 countries, as per the data’s collected by the Organisation for Economic Co-operation and Development. Males live for 82 years and females for 86 years.

9. Portugal

Portugal you will receive your pension at the rate of 53.9 percent of your median income and this number will increase to 69.2 percent after taking into consideration your account tax benefits. Almost two thirds of the entire population is employed in services. The life expectancy is 83 years for male and 85 years for females.

10. Czech Republic

The Czech Republic pays 61 years old males and 58 years of females their pension at the rate 50.2 per cent of their median income more than half the salary prior to retirement. Males receives pension benefits till they take their last breathe at the age 79 and females receive the same benefit till they live long for 81 years.