Here’s an overview of the retirement age and pension payments for Russia, America, Israel, China, North and South Korea, Japan, and Saudi Arabia:

Russia

• Retirement Age: The retirement age in Russia has been gradually increasing and is currently set at 65 for men and 60 for women, with plans for full implementation by 2028.
• Pension Payments: The average monthly pension is around 15,000 rubles (approximately $200), but many retirees depend on additional savings and social support, as this amount is often insufficient to cover living expenses.

United States

• Retirement Age: The full retirement age for Social Security benefits is gradually increasing, currently set at 66 for those born between 1943 and 1954, and rising to 67 for those born in 1960 or later. Early retirement is possible at age 62, but benefits are reduced.
• Pension Payments: The average Social Security benefit is about $1,540 per month, but the amount can vary widely based on individual work history and earnings.

Israel

• Retirement Age: The retirement age is 67 for men and 62 for women, with plans to increase the retirement age for women gradually to match that of men.
• Pension Payments: The average monthly pension varies significantly, but the National Insurance Institute (Bituach Leumi) provides a minimum pension, which can be around 1,500 shekels (approximately $430), depending on various factors.

North Korea

• Retirement Age: The official retirement age is 60 for men and 55 for women, although many continue to work informally beyond this age.
• Pension Payments: Information on pension payments in North Korea is scarce due to the secretive nature of the regime. Retirees typically receive very minimal support, which may be insufficient for their needs.

South Korea

• Retirement Age: The statutory retirement age is currently 60, but discussions are ongoing to increase this age due to demographic changes.
• Pension Payments: The National Pension Service provides an average monthly pension of about 500,000 won (approximately $445). However, many retirees rely on additional savings and family support.

Japan

• Retirement Age: The official retirement age is 65, though many companies allow employees to retire earlier or continue working part-time.
• Pension Payments: The average monthly pension for a Japanese retiree is about 150,000 yen (approximately $1,080), with significant variability based on the individual’s work history and contributions.

Saudi Arabia

• Retirement Age: The general retirement age is 60 for both men and women, although some professions might have different stipulations.
• Pension Payments: The average monthly pension can vary significantly based on years of service and contributions, but public sector pensions can be generous, with amounts averaging around 5,000 to 7,000 riyals (approximately $1,330 to $1,860).

In summary, retirement ages and pension payments vary significantly between these countries, influenced by economic conditions, social policies, and cultural factors.