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24/7 Wall St.: 10 Countries Paying People to Retire

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 a ll 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.
(Istock)

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The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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