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Retirement is the status of a worker who has stopped working. A person may also semi-retire and keep some sort of job, although usually out of choice rather than necessity. This usually happens upon reaching a determined age, when physical conditions don't allow the person to work any more (by illness or accident), or even for personal choice (usually in the presence of an adequate pension or personal savings). The retirement with a pension is considered a right of the worker in many societies, and hard ideological, social, cultural and political battles have been fought over whether this is a right or not. In many western countries this right is mentioned in national constitutions.
Retirement age
In most countries, the idea of a fixed retirement age is of recent origin, being introduced during the 19th and 20th centuries - before then, the absence of pension arrangements meant that most workers had to continue to work until death, or rely on the support of family or friends. Nowadays most developed nations have systems to provide pensions on retirement in old age, which may be sponsored by employers or the state. In many poorer countries, support for the old is still mainly provided through the family.
The retirement age varies from country to country but it is generally between 55 and 70. In some countries this age is different for male and females. Sometimes certain jobs, the most dangerous or fatiguing ones in particular, have an earlier retirement age.
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My airplane looks like a retirement home!
austinchegini (Austin Chegini) Sun, 20 Dec 2009 18:03:36 -0000
My airplane looks like a retirement home!
@toni_LUV yessir, im back like jordan, fresh out of retirement
sKAtebOaRdkIdTK (Kyle Williams) Sun, 20 Dec 2009 18:01:13 -0000
@toni_LUV yessir, im back like jordan, fresh out of retirement
Financial makeover: Setting his sails for retirement http://twa.lk/QzdP4
FinancialTwalk3 (FinancialTwalk33) Sun, 20 Dec 2009 18:01:08 -0000
Financial makeover: Setting his sails for retirement http://twa.lk/QzdP4
How to plan a family reuni
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