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France has the longest retirement age: OECD

France is the country in which retirees can clock up the most time in retirement, according to a report published by the Organisation for Economic Cooperation and Development (OECD).

The study, Society at a Glance 2014, said that French women tend to enjoy an average retirement period of 27.4 years while French men could look forward to 22.6 years.

(Read more: Andthe best place to retire is …)

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Other European countries also fared well with nine making it into the top ten out of the 34 OECD countries.

Belgium came second to France with women enjoying 26.6 years in retirement and men 21.8 years. Italy was in third place with women enjoying 26.1 years in retirement and men 21.6.

The U.S. and the U.K sat in the bottom half of the ranking,with their average retirement periods below the average of 22.5 years across the OECD countries.

Longer retirements are rising

The time people spend in retirement had also increased over the years, a trend driven by people retiring earlier and living longer.

(Read more: Retirement confidencerises, but the data is grim)

Between 1970 and 2012 the average retirement period for men increased by seven years to 18 years. And the average retirement period forwomen increased by seven and a half years to 22.5 years in the same period.

And generally women spent an average of 4.5 years longer in retirement than men.


While retirement periods are getting longer, this doesn't mean that they'll always be more enjoyable.

Greece and Poland sit in the top half of the ranking for the average retirement period but the report also revealed satisfaction with pension provisions was lowest in these countries.

In recent years governments have found themselves facing increasing fiscal constraints, raising questions over their ability to provide adequate retirement provisions in the future. This is compounded by a growing ageing population.

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