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Indonesia’s Retirement Age Among Youngest in G20 Countries: What You Need to Know

“Until now, I still enjoy working. Yes, I enjoy it first. Where I work, there is a friend who is 73 years old,” he said, who first arrived in Australia in 1983. Angele has not thought carefully about when he will stop working. “As long as your body is healthy and your work atmosphere is pleasant enough, you can invite friends to work together.”

Even though he is still working ‘full time’ at his current age, Angele admits that family is still his main concern. “Luckily, the boss at my office is quite understanding and always gives permission if there is a need for the family,” he said.

In Indonesia, based on Trading Economics data, the retirement age is the youngest among other G20 countries. Italy is the country with the oldest retirement age in the G20 countries, namely 68 years for both women and men. This position is followed by the Netherlands, Australia, the United States, Spain and the United Kingdom, which have an average retirement age of over 66 years. Above Indonesia, there are Turkey, South Korea, Saudi Arabia, India and China which have an average retirement age of 55-60 years.

Meanwhile in Indonesia, provisions related to retirement age are regulated in Government Regulation Number 45 of 2015 Article 15 paragraphs 1-3. Referring to these regulations, the retirement age limit in Indonesia is 58 years with the maximum retirement age being 65 years.

2024-03-17 07:00:46
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