In Luxembourg, the average earner receives 98.1 percent of his average net income (after taxes) back. People become eligible for their pensions after 40 years of contributions. For most, that is at age 65, but pensions are available beginning at 60 (and some are able to draw early pensions at 57). That comes out to EUR 43,600 a year (about $54,800 a year), or about 10 percent of the average citizen's earnings. Pension spending is 7.2 percent of annual GDP.