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How long people live in retirement in Kazakhstan and in the world

The study conducted by the specialists of LIC Freedom Life has found in which countries the average age of the population does not reach adulthood and people do not live to see retirement, and where the standard of living is so high that the difference between the average and retirement age is only 14 years, and people live in retirement for more 20 years.
How long people live in retirement in Kazakhstan and in the world

According to the statistics platform Worlddata, the average age of the world's population is 33.3 years.

Residents of Slovenia (20.9 years), Hong Kong (20.7 years) and Japan (20.6 years) live the longest in retirement.

The lowest percentage of elderly people is in the states of Zambia (1.8%) and Chad (2%) with population of 20.2 million and 18.3 million inhabitants, respectively.

Retirement age in Kazakhstan

According to the Bureau of National Statistics of the Republic of Kazakhstan, the average age of Kazakhstanis in 2023 was 32.1 years, and as of 2022, life expectancy was 74.4 years. Men officially retire at age 63 and women at age 61 in Kazakhstan. According to the analysts’ study, men live on average 11.4 years in retirement, and women – 13.4 years. The time from middle age to retirement is 30.9 years for men and 28.9 years for women.

Despite the established retirement age, Kazakhstanis still have the opportunity to enter into a deferred retirement annuity agreement from the age of 45, and begin receiving pension payments from the age of 55. Until 2021, RA was considered an expensive insurance product: men entered into an agreement with LIC with a minimum adequacy amount of 11.3 million tenge, and women - 15.5 million. Starting from January 2021, the amount of adequacy of savings in the UAPF for concluding RA has been reduced; it is now 7.2 million tenge for men and 9.1 million tenge for women.

Photos are from open sources.

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