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Student Essay on Retirement and Today

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About 1 pages (422 words)
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Retirement and Today

Summary:   Retirement in the early part of the century was not an option for most individuals. Aging people in their fifty's and beyond had to continue in the workforce to suffice, unless they were among wealthy individuals that could stop working at any time or any age because they knew their income was sufficient enough to live on.


Retirement in the early part of the century was not an option for most individuals. Aging people in their fifty's and beyond had to continue in the workforce to suffice, unless they were among wealthy individuals that could stop working at any time or any age because they knew their income was sufficient enough to live on. In today's society we have the Social Security System which was established in 1935, to workers who retired at the aage of 65; most private pension plans adopted a comparable age. Only recently has the benefit age changed. Depending on on one's birth year. Full benefits maybe accessible at age sixty-five, sixty-six and sixty-seven. The development of a retired option for workers is a late twentieth century phenomenon. It has emerged for two basic reasons (1) a strong industrial economy that provides sufficient fund for the retired workers, (2) the institutionalize of retirement nationwide through public and private pension. (ADEA) Age Discrimination Employment Act prohibits employers from firing forcibly retiring or failing to hire aging people fifty and beyond. In 1986 legistation banned man- datory retirement in all but a few careers.

Police, air pilots, fire fighters and foreign service officers. These jobs are hazardous especially dealing with the public's safety when these in- dividuals reach age sixty they may start experiencing psychomotor slowing, the age related slowing of behavior. Retirement for the retiree can be viewed as positive with great optimism or negative which leads to despair. Retirement for some is not ever considered at all. Some retirees are ready to enjoy life leisurely, they may feel euphoric ritht aftet they retire, especially if they are healthy and very well focus. This is one of the phases of retirement, another is an individual that is force to retire or don't like his/her job, this individual may less likely go through an euphoric phase.(honeymoon phase). Those individual are prone to be going through the disenchantment phase. Retirees experiences of loss-loss of power prestige, status, and purpose. The retirees that are in the workforce can continue to work beyond the sixty-five age if they are still competent, and can keep up with the work pace. Employers are looking for older workers more sos than the younger workers because of their wisdom, they are eager to share knowledge and accumulated life experience. Balance while valuing flexibility, they are motivated to perform well and be fully engaged in their work. Punctuality they not only have great work ethic and arrive ready to this job but are dependable.

This is the complete article, containing 422 words (approx. 1 page at 300 words per page).

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