Is it necessary to reform our retirement system ? (Do we have to raise the retirement age ?) Better life conditions we live longer Belgium : in order to claim an old age pension must have reached a certain age (65) 21st century : Our country‚ as a developed country‚ is suffering from the so called « aging- population » Increase of the life-expectancy PRO 1. Double-effect on funding : * people will contribute longer (2y) to the pension fund pension fund will increase they help
Free Retirement Pension Gerontology
government should set a limit on the retirement age remains controversial. Some people believe that there would be infeasible for different people who have different needs while others claim regardless of distinctions in people’s priorities‚ this policy guarantees fairness for all. I agree with the former view. It is undeniable that the nature of work has a big say over people’s length of working time. While some builders‚ cleaners find that they can only work till the age of forty for their assiduous
Premium Retirement Aging Ageing
Retirement and old age Many people choose to retire when they are eligible for private or public pension benefits‚ although some are forced to retire when physical conditions no longer allow the person to work any more (by illness or accident) or as a result of legislation concerning their position. Nowadays most developed countries have systems to provide pensions on retirement in old age‚ which may be sponsored by employers and/or the state. In many poorer countries‚ support for the old is
Premium Retirement Old age Gerontology
Old age and retirement STUDENT NAME AND ID : ADETOUN ADEDEJI ID NO. 21215708 The essay will be focusing on Old age and retirement as a particular stage of life course and exploring the disengagement and activity theories and psychological concept of this stage‚ as well as identifying the importance of social institution in relation to this life course. The age at which old age is thought to start varies in different cultures and historically. In western world old age generally
Premium Sociology Gerontology Retirement
"Full retirement age" ranges from 65 years exactly (for those born in 1937 or earlier) to 67 (for those born 1960 or later). Persons may elect to receive retirement benefits prior to "full retirement age‚" starting as early as age 62‚ but these will be less and may be subject to limitations based on earnings. The maximum social security benefit for an individual worker retiring at full retirement age in January 2007 (65 years and 10 months) was estimated
Premium Retirement Ageing Gerontology
2.1 The Debate over Retirement Age Questions 1. Should all pilots have to retire at the age of 60? As I read the article it seems to be an interesting point that has risen. Several questions come in to play when considering if a pilot should retire or have the capability of remaining working. As one would see it on one side. There are pros and cons to either way you look at the situation. Looking at the history of implementation of pilots being forced to retire at age 60‚ it was first introduced
Premium Retirement Aging
Prepares Employees for Retirement BY: MOGOMOTSI DINGALO STUDENT NUMBER: 626027 How the African Union Prepares Employees for Retirement . Introduction Upon retirement an ex employee may face uncertainty‚ depression‚ and other challenges such as insufficient income to pay debt owed‚ unpaid children’s school fees and bills and so on. The African Union Commission recently introduced workshop for employees due to retire in order to prepare them for life after retirement. The workshop covered
Premium Pension Retirement
Should Government raise the retirement age As a manager‚ you must consider the outcome that this government legislative move will cause. If retirement age is extended out passed the current age of sixty seven to the age of seventy this will keep older works on the job longer. That has an advantage in keeping strong job skills‚ but is a heavy disadvantage to cost and the bottom line. As the work force ages‚ their level of productive output will be reduced. This is also the time in an employee ’s
Premium Employment Retirement Wage
There are many reasons I want to keep a job after retirement. The three most important factors I considered in making this decision is being financially stable‚ physically and mentally active and to feel I have purpose in my life. Retirement in today’s economy is very different than when my grandparents retired. After working in the Food Industry for thirty years‚ I started attending college in my late forties. So not working after retirement is not really an option. I don’t need or want an
Premium Mind Retirement Termination of employment
Nowadays‚ the retirement age has been a burning issue of most nations in the world. In some countries‚ workers are forced to retire at the age of 55 or 60 while in others‚ this figure could be 65 to 70. Several debates were contributed to propound whether or not should there be a compulsory retirement age. In my opinion‚ it is necessary to impose a legal resolution that employees are entitled to retire when they reach a particular age. Firstly‚ under the pressure of the knowledge economy‚ the requirement
Premium Retirement Aging Old age