Looking further afield to Australia, the state pension age is being gradually increased from 65 to 67 years of age.
According to interactive investor, the Australian state pension is means-tested, based on a person’s assets.
In Japan, the basic state pension age is 65 with a minimum of 10 years of contributions.
The OECD states those who are looking for the full pension in this nation will need 40 years of contributions, with the sum adjusted proportionally for shorter contribution periods.
At present, the state pension age, known as the normal retirement age, in the United States of America is 67, after being hiked from 66 years and four months in 2022.