what is the retirement age for professors in usa
Professors in the United States The absence of a mandatory retirement age contributes to "graying" of this occupation. The median age of American full professors (in 2006) was around 55 years. Very few people attain this position before the age of 40. The annual salary of full professors averages at $99,000, although less so at non-doctoral institutions, and more so at private doctoral institutions (not including side income from grants and consulting, which can be substantial in some fields); in addition, institutions in major cities or high cost of living areas will pay higher salaries.[13] Full professors earn on average about 70% more than assistant professors in the same institution.[citation needed]
Social security in Australia The Age Pension was the first payment made by the Commonwealth Government, dating back to 1909.[citation needed] It is available to persons aged 65 years and over.[11] The eligibility age is currently being progressively increased to a cap of 67 years old.[12] Except for the mandatory superannuation scheme, workers do not contribute to a pension or insurance scheme in Australia, unlike pension schemes in many other countries.[citation needed] Taxpayer-funded pensions are means tested.[11]