Libya is said to have the highest official retirement age—meaning the age when a person can access their full government pension or social security check—in the whole of the continent of africa.
The country's current official retirement age is 70 for both men and women, a policy passed into law by the house of representatives in 2022.
The country's current official retirement age is 70 for both men and women, a policy passed into law by the house of representatives in 2022.
This reflects the country's policy structure, though actual retirement ages may vary by sector and individual circumstances.
Longer life expectancies, aging populations and fiscal pressures/inflation are some of the reasons why governments raise the age of retirement.
Credit: Investopedia
Longer life expectancies, aging populations and fiscal pressures/inflation are some of the reasons why governments raise the age of retirement.
Credit: Investopedia
