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

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.
(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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