Mandatory Retirement Essay examples - 1379 Words

Mandatory retirement is perhaps a necessary evil; as older employees are forced out of the work force, it creates space for new, younger employees. Mandatory retirement is a form of age discrimination, it forces a person to retire because they are a certain age; it does not take into account if that person wants to retire. It also does not take into account the financial standing of the individual, or if they are physically or mentally still capable of doing the job. Although mandatory retirement is not largely popular, it still has an effect on many older workers and how they plan for retirement. Mandatory retirement involves less than 1 percent of the work force and so opens up only a small fraction of the total jobs, because†¦show more content†¦From 1970 to the year 2000, the worlds over-60 population is projected to increase by more than 90 percent . This is an astonishing number, seeming how the total population was predicted to grow by less than 75 percent . The most prominent feature of the looming shift in the composition of the working-age population is, of course, its increasing age . It is hard to say what will happen when suddenly there will be an abundance of older people who are preparing to retire. The increase in life expectancy is partially to blame for the increase in elderly citizens, as there are now better medicines and medical procedures to cure ailments which could have easily killed a person 10 or 20 years ago. As Levine said, There are more elderly and a larger proportion of elderly in the population now than ever before in the history of the world, and individuals live longer and have a longer span of healthy, vigorous life than ever before . We have to prepare, not only to have more aged people in the work force, but also to have adequate pensions and supplements to aid these people when they do retire. Elderly people are often stereotyped as forgetful, weak, or unable to take care of themselves; keeping this in mind, how can you logically hire an elderly person to do a job that a young, more physically fit employee could undoubtedly perform with less risk and effort. Stereotypes such as these are playing a huge role in the controversy over mandatory retirement. MorganShow MoreRelatedAge Discrimination and Mandatory Retirement3100 Words   |  13 PagesDiscrimination and Mandatory Retirement - Joyce Cook The mandatory retirement age controversy should be re-examined and redefined further. Baby boomers are very different from their predecessors; they are living longer, maintain lifestyles that are more active and are generally better able to continue working than in the past. The real challenge is the reality of how the insufficient number of young people will fill the vacancies left by the aging workforce. Mandatory retirement may be unavoidableRead MoreRatan Tata: Leading the Tata Group Into the 21st Century Essay854 Words   |  4 Pagestransformation can be greatly attributed to the vision and execution of Ratan Tata. He was greatly responsible for the tremendous transformation because he was able to take his vision for the group and transformed it into a reality. By enforcing a mandatory retirement age policy which removed a lot of top management, who were challenging the core functions of the group and hindering growth, Ratan Tata implemented this as one of the first major changes in is rein. By replacing these individuals, he made aRead MoreThe Workforce Is Growing Older As The Population Ages2379 Words   |  10 Pagesnumber of older workers over 55 is projected to grow at nearly four times the rate of the overall labor force† (Shultz, pg.7) Many older workers are choosing to stay in the workforce. An increasing amount of older workers are choosing to prolong retiremen t. Population aging will significantly increase the amount of older workers. â€Å"Between 1977 and 2007, employment of workers 65 and over increased 101 percent, compared to a much smaller increase of 59 percent for total employment (16 and over). TheRead MoreLater Adulthood Development Report1234 Words   |  5 Pagesthat will be addressed are the changes in role and social position during this stage. One will also compare living accommodation such as accessibility and the need for health care. Also one will illustrate the adjustment and transition from work to retirement. What changes occur in marriage, family, and peer relationships? Lastly one will identify social policies that affect the older adult. The older adults face several problems. In our society they have a role less role. It is important to find aRead MorePrivatization Of Social Security System846 Words   |  4 Pagesas employment increases rapidly than the retired population. Despite this, to be realistic; there is no confirmed direct relation that exists between the benefits an individual eventually receives in retirement and the amount of taxes paid. Furthermore, the rate of return on Social Security retirement taxes is currently extremely low. For example, a home of two hard-working 29 year-old workers with children has an average rate of 1.2 percent. In consideration of only being at the age of only 30,Read MoreA Glimpse Of Life After Retirement For Older Adults Essay1495 Words   |  6 PagesInterview Paper The purpose of this interview is to get a glimpse of life after retirement for older adults. The assignment wants to focus on how variables such as preparation, income, and health directly or indirectly affect retirement. It also wants to look and compare family dynamics before and after retirement. It aims to assess how satisfied the older adults are after retirement. The aim is to use the information gathered and add on to the current knowledge base in order to use that informationRead MoreDiscrimination Against Older Workers During The Labor Market Across Canada1762 Words   |  8 Pagespopulation age structure have led to considerable discussion of ageism and social policies like mandatory retirement and old age security. Employers continue to have negative attitudes and stigma toward older workers (Klassen and Gillin 36). Social policy like mandatory retirement is the leading form of age discrimination and the driving force behind ageism in modern societies (McDonald 1). Manda tory retirement is a collective agreement that prohibits an individual from working past age 65 or older (GomezRead MoreOlder Workers At The Workplace1616 Words   |  7 PagesSince retirement age is 65 and early retirement is available, common social assumption is workers at the early and full retirement ages are too old to continue working. Although it may be true that retirement plan rules specific ages for retirement benefits, it is not the answer for which ages are old. In other words, the good purpose of retirement plan unintentionally becomes the cause of age discrimination. The prejudice about older workers in workplace did not exist before having retirement planRead MoreThe Impact Of Social Work On The Elderly1684 Words   |  7 Pagesrecipients who have a low income and are living in Canada. This shows that Canada does excellent benefit services and welfare of the elderly that are low income. The Canada Pension Plan (CPP) retirement pension provides a monthly benefit to eligible applicants. Also, the Private pension plans provide workers with retirement income to increase their income from public pension plans. Many business pension funds now underfunded; may be unable to pay out to retirees. There is concern that Old Age Security/GuaranteedRead MoreWomen During The Imperial Period Essay1638 Words   |  7 Pagesresponsible for the discrimination of women. The mandatory retirement ages in China differ between women and men. Women in blue collar occupations (e.g., factory workers) are often required to retire at age 50 and women in white collar occupations (e.g., professionals, manager) at age 55. Special categories of women (e.g., college professor) can work until 60. While the mandatory retirement age for urban employed men is 60. China’s early retirement age for women contributes to hiring discrimination