Retirement Age for Workers - Does this Make Sense?

[Uruhara]

The ability to continue working after the age of 50–60 really depends on the ability and circumstances of each person. Some people may still have the skills, knowledge, and physical health necessary to continue contributing to the workforce beyond traditional retirement age. Providing the option for workers to continue working if they are willing and able can benefit both the individual and the economy.

On the other hand, it is important to recognize the challenges that workers in developing countries face, especially those with low wages. In such cases, it may not be feasible or sustainable for them to continue working until the age of 60 due to financial constraints and the need to have enough income to cover living expenses. Governments and employers should consider the economic realities of their countries and strive to ensure that retirement age policies are fair and take into account the specific circumstances of their people.

Each country has different age limits. And indeed it has been adjusted with analytical data related to the majority of the work effectiveness and health of the population in that country at that age.

It's just that sometimes the actual retirement age limit can't be too much of a problem. What's more important is how we should keep our bodies healthy and strong until our retirement age. because now there are even many people who have complained about their health even at the age of under 50 years. Unhealthy lifestyle is the trigger. So it is not surprising that many are unable to work at an age below the retirement limit because they are not healthy.

[dunfida]

France's Constitutional Council on Friday approved an unpopular plan to raise the retirement age from 62 to 64, in a victory for President Emmanuel Macron after three months of mass protests over the legislation that have damaged his leadership.
https://www.cbsnews.com/news/france-retirement-age-raise-64-approved-constitutional-council/

This so-called measure has several benefits and drawbacks. The elder employees can benefit from their years of experience if they are retained on the job for longer, which is one advantage. The drawback of this is that many workplaces will report low performance because there is an inverse relationship between a person's success at work and their deterioration in cognitive and physical capacities.

Regardless, what I think is that the government shouldn't shove it down the throat of people. Workers who are approaching retirement age should be given a choice after appraisal to keep working or retire.

What sense does this make? Would you agree or disagree?

It would be understandable that there should really be that some sort of retirement age or limit on which a certain worker should really be retiring because it would be that normal that efficiency of a certain worker would really be greatly be affected as we do reach up the old age. Yes, we do really have that experience on which those young workers doesnt really have but sooner or later they would be able to gain those experience.
Plus, it is really just that right time for those old workers to take retirement and better to relax than to do some job which isnt really that just that right for them to get stressed or worked hard for.
Therefore, they wouldnt really be giving a choice on proceeding but rather they would really be giving a choice on having that optional retirement if they would decide on retiring earlier.

This one does have sense because if they wont really be putting up limits then for sure we would be seeing lots of oldies that would be staying up into their work until they wouldnt be able to move
or would be simply dying.

[Myleschetty]

Workers' retirement ages vary depending on their country, employment sector, profession, and personal preferences. In most nations, the retirement age is between 60 and 70 years old. Nevertheless, due to the aging population and the pressures it places on government pension schemes, several countries are steadily raising retirement age.

[bbigtart]

In my opinion, the age of 64 is very old, it is no longer productive if you are forced to work, in my country, the retirement is 55-60 years. You should give opportunities to those who are younger.

So wrong decision. Because
1. Narrowing down young people who want to find work.
2. It is certain that the level of worker productivity has decreased, it will have a big impact on the company.
President Emmanuel Macron has ignored everything for the sake of the income that the state has received from 2 years of rotating workers' pensions.

[Bialke]

Regardless, what I think is that the government shouldn't shove it down the throat of people. Workers who are approaching retirement age should be given a choice after appraisal to keep working or retire.

What sense does this make? Would you agree or disagree?

What is the reason for this governement retirement pool? Basically it is creating mismanagement of funds and bureaucacy. Basically you can give the money in the hand of the worker and can let him organize his own retirement plan.

I think the reason for the governement controled retirement pool was to protect financial unedicated workers from losing their retirement investment. So maybe the centralization is the better of two evils. And if you have f.E. the centralized mismanagement and the bureaucracy, than it is okay to raise the retirement age. Basically you can retire with 40 in France. But you will not live good with this small social benefits and the retirement money then with 67. Same fish, different speared.

[MFahad]

In my opinion retirement age is beneficial in two ways first of all the government thinks about the rest of that person because after age of 60 a person is not active in managing duties so rest will be needed and other benefit is that there is an opportunity for other individuals to take part in that job because there is large number of individuals who are jobless so this is a good feature to provide opportunity to new comers to join the field.

 Although it is true that elder person has lots of experience but this will deprived the other individuals to get a job because that experienced person will always choose for that seat and remaining will not get any job because of little or no experience so this is one of the major drawback if retirement age is not limited.

[Kadal Ijo]

When someone reaches retirement age, of course, the expertise he has is very broad and proficient, companies or countries that have someone who retires must be able to take advantage of the potential he has, and the best thing is that prospective retirees must have transferred knowledge and skills since 1 year before retirement .

[Altryist]

It's just that sometimes the actual retirement age limit can't be too much of a problem. What's more important is how we should keep our bodies healthy and strong until our retirement age. because now there are even many people who have complained about their health even at the age of under 50 years. Unhealthy lifestyle is the trigger. So it is not surprising that many are unable to work at an age below the retirement limit because they are not healthy.

The retirement age is a separate issue as governments around the world are raising it as pension funds fail to meet their obligations. And even if you take care of your health, which of course you need to do, the pension pays may be too low for you to have enough for the standard of living you are used to, and therefore many people continue to work even after reaching retirement age.

[Ebede]

It make sense in other to accommodate others, people should retire so that they can be receing their pension every month and with their wealth of knowledge as people that has served for a long time, they can help in impacting their knowledge to the new recruit of the sector in other to move the firm's forward.

[phantailaptopbl]

It make sense in other to accommodate others, people should retire so that they can be receing their pension every month and with their wealth of knowledge as people that has served for a long time, they can help in impacting their knowledge to the new recruit of the sector in other to move the firm's forward.

Due to in my opinion retirement age will be in two ways in first government will think about that person because after 60 age the person not have done duties fast and due this retirement age are need to fixed and also other benefits are chance to get it and not having job person lot is there and other should get that job for new comers due to this retirement are the good opportunity .

[slapper]

France's Constitutional Council on Friday approved an unpopular plan to raise the retirement age from 62 to 64, in a victory for President Emmanuel Macron after three months of mass protests over the legislation that have damaged his leadership.
https://www.cbsnews.com/news/france-retirement-age-raise-64-approved-constitutional-council/

This so-called measure has several benefits and drawbacks. The elder employees can benefit from their years of experience if they are retained on the job for longer, which is one advantage. The drawback of this is that many workplaces will report low performance because there is an inverse relationship between a person's success at work and their deterioration in cognitive and physical capacities.

Regardless, what I think is that the government shouldn't shove it down the throat of people. Workers who are approaching retirement age should be given a choice after appraisal to keep working or retire.

What sense does this make? Would you agree or disagree?

It would be understandable that there should really be that some sort of retirement age or limit on which a certain worker should really be retiring because it would be that normal that efficiency of a certain worker would really be greatly be affected as we do reach up the old age. Yes, we do really have that experience on which those young workers doesnt really have but sooner or later they would be able to gain those experience.
Plus, it is really just that right time for those old workers to take retirement and better to relax than to do some job which isnt really that just that right for them to get stressed or worked hard for.
Therefore, they wouldnt really be giving a choice on proceeding but rather they would really be giving a choice on having that optional retirement if they would decide on retiring earlier.

This one does have sense because if they wont really be putting up limits then for sure we would be seeing lots of oldies that would be staying up into their work until they wouldnt be able to move
or would be simply dying.

Aging workers' efficiency? That's a fine line to tread. They're fountains of wisdom, but strength might be a weak spot. The answer isn't necessarily pushing them out to pasture at 65, but perhaps overhauling the workplace instead.Consider this - many of today's jobs don't require brawn. Our experienced lot can still pull their weight without risking health. And for physically demanding roles? Maybe a switcheroo or lighter tasks could work. They stay involved without overexerting. Retirement? It's their call, but decisions should be guided by routine performance chats.

[Sithara007]

Increasing the retirement age makes sense, IMO. Here in India, the retirement age remains at 60 years and it hasn't been increased for a long time (for some state government jobs, retirement age is as low as 55 years). At the same time, the life span has increased by quite a lot during the last 2-3 decades. And this puts an enormous strain on the government. Every year, an increasing amount is being paid out as pensions and the number of pensioners are exploding. Very soon, pension payments to retired employees will overtake the salary payments to active employees. This situation is not viable.

[Uruhara]

It's just that sometimes the actual retirement age limit can't be too much of a problem. What's more important is how we should keep our bodies healthy and strong until our retirement age. because now there are even many people who have complained about their health even at the age of under 50 years. Unhealthy lifestyle is the trigger. So it is not surprising that many are unable to work at an age below the retirement limit because they are not healthy.

The retirement age is a separate issue as governments around the world are raising it as pension funds fail to meet their obligations. And even if you take care of your health, which of course you need to do, the pension pays may be too low for you to have enough for the standard of living you are used to, and therefore many people continue to work even after reaching retirement age.

Well, you mentioned facts that I also encountered around me. Where there are still many people who still have to work even though they have reached retirement age. But that's for those who really don't have a pension fund because they don't work in the government or in a company that provides pension funds. They are people who have only worked as casual daily laborers since they were young and have not made financial plans and preparations for their old age since they were young. So we must learn to have preparation from now on. so that you can enjoy retirement in peace and without having to bother looking for income.

[mich]

Well if I was age 61 and going to retire then this happened I would be really upset. Thinking I was going to retire but then having it taken from me. Now having to work for another 2 years would not make me very happy.

I think it needs to be up to the person going to retire. I know people who are aged 70 and above still working. It really depends on the person and the age is just a number when it comes to working. Me I will want to work until I am older then 64 but maybe not someone else.

[YUriy1991]

Regardless, what I think is that the government shouldn't shove it down the throat of people. Workers who are approaching retirement age should be given a choice after appraisal to keep working or retire.

What sense does this make? Would you agree or disagree?

Yes, I may agree with your statement above. On the other hand, from an economic perspective, an aging population can put a strain on the pension system and public finances. But, if the government conducts a Polling for Workers who are approaching retirement age, Choose which to keep working or retire. I'm sure Dominan will choose to continue. Everything has a cause and effect, perhaps. Some individuals may want to continue working past the traditional retirement age for financial reasons or a desire to stay active and involved. Raising the retirement age gives them the opportunity to make that choice.

On the other hand, extending the retirement age may limit job vacancies and career advancement opportunities for younger workers. This can lead to an increase in the unemployment rate among the younger generation and hinder intergenerational equity.

I think it's just general. Each country has its own Rules of Law, one of which is the age limit for working. So, as good citizens, as much as possible to follow what has been determined and what has been determined is not a unilateral decision, they have sat together to discuss this as has been done by the French Constitutional Council.

[Fortify]

France's Constitutional Council on Friday approved an unpopular plan to raise the retirement age from 62 to 64, in a victory for President Emmanuel Macron after three months of mass protests over the legislation that have damaged his leadership.
https://www.cbsnews.com/news/france-retirement-age-raise-64-approved-constitutional-council/

This so-called measure has several benefits and drawbacks. The elder employees can benefit from their years of experience if they are retained on the job for longer, which is one advantage. The drawback of this is that many workplaces will report low performance because there is an inverse relationship between a person's success at work and their deterioration in cognitive and physical capacities.

Regardless, what I think is that the government shouldn't shove it down the throat of people. Workers who are approaching retirement age should be given a choice after appraisal to keep working or retire.

What sense does this make? Would you agree or disagree?

The government isn't shoving anything down the throat of people, they're likely trying to keep the books balanced. People live longer now than when these pension systems were first developed so it's only normal to increase the age. In reality you are free to retire at any time you want, but you need to accumulate enough assets to support yourself in that endeavour. Nobody is being forced to retire in any country with normal laws, many businesses allow people to stay on for as long as they like and are competent enough to complete the job they are paid to do.

[Findingnemo]

It makes sense though in many way like if you don't retire after reaching certain age then how is it possible for the upcoming generation to get a job? First of all the concept of permanent job should not be exists anymore because that is where most low efficiency of a job comes from, if the job based on their performance then who is giving the results will stay and others shouldn't which is hard I know but if we have such system I bet we will have different world than now.

[coupable]

President Emmanuel Macron has ignored everything for the sake of the income that the state has received from 2 years of rotating workers' pensions.

It is not France's crisis alone, but rather that all countries that suffer from demographic aging are subject to decisions similar to those taken by France. Population aging means a decrease in economic productivity that may reach the stage of disability. This also explains why these countries accept large numbers of immigrants and asylum applications.
In my country, the retirement age was raised to 62 for the same reasons, and we did not witness any protests, neither from unions nor from citizens, although I live in a country that enjoys a good margin of freedom.

[panganib999]

France's Constitutional Council on Friday approved an unpopular plan to raise the retirement age from 62 to 64, in a victory for President Emmanuel Macron after three months of mass protests over the legislation that have damaged his leadership.
https://www.cbsnews.com/news/france-retirement-age-raise-64-approved-constitutional-council/

This so-called measure has several benefits and drawbacks. The elder employees can benefit from their years of experience if they are retained on the job for longer, which is one advantage. The drawback of this is that many workplaces will report low performance because there is an inverse relationship between a person's success at work and their deterioration in cognitive and physical capacities.

Regardless, what I think is that the government shouldn't shove it down the throat of people. Workers who are approaching retirement age should be given a choice after appraisal to keep working or retire.

What sense does this make? Would you agree or disagree?

Do we only look at work productivity to determine if a plan is something that is great or not? I don't think so. This plan is great as it is because not only does it give these old people a little more chance to work and put food on their table especially now when things are a little hard to deal with and the government's not really reliable. At the same time this gives them more opportunities to live a more fulfilling retirement life. Work productivity will not be inversely affected by this change as you have to consider the fact that the percentages of people on their 62 applying for work is not only low, but exceedingly impractical for companies to hire, not only over the fact that they are already old, but also because they are only legally allowed to serve the company 2 years. Plus the fact that there are also young people that are getting hired every year.

So all in all this is a great plan, gives those whose old but still capable of working at least 2 more years to provide for themselves, and ultimately allows them to live fulfilling retirement days.

[Uruhara]

Well if I was age 61 and going to retire then this happened I would be really upset. Thinking I was going to retire but then having it taken from me. Now having to work for another 2 years would not make me very happy.

I think it needs to be up to the person going to retire. I know people who are aged 70 and above still working. It really depends on the person and the age is just a number when it comes to working. Me I will want to work until I am older then 64 but maybe not someone else.

And in the end it will depend on the health and fitness of our body at that age. whether we will still be able to work or not. I personally want to be prepared from now on so that before retirement I have a passive income that can keep me receiving income without having to work. I want to enjoy old age with lots of vacations to various areas that I have never visited with my family. or relax enjoy every moment with family. And to make that happen I have to have two long-term investments. namely health investment by maintaining body fitness so that it remains healthy until old age. and one more long-term investment in assets that could pay off for me in the future.