According to Wikipedia online retirement defined as the point where the person stops employment completely. When someone retires, he/she will get a retirement fund. Basically, people’s age at retirement is important because it is one of the determinants of both the length of one’s work life and the duration of retirement (Gendell : 2001). People all around the world retire at various ages. The retirement age varies from country to country but it is generally between 55 and 70 (Wikipedia Online: 2008). In my opinion, the appropriate retirement age can’t be declined exactly because when people want to retire there are some factors that make them decide to retire or compels them to retire.
The determined retirement age is different in every country based on the governmental rules. In Indonesia, people who work in governmental employee retire at the age of 60 as the Indonesian government declined. In America, people retire at the age of 65 based on the Normal Retirement Age (NRA). ‘In Singapore, the retirement age raised from the age of 60 to 65 while in Thailand and South Korea people still declined to retire at the age of 60. In Malaysia, people retire earlier which is at the age of 56’ (Azizan : 2007). People can retire earlier but they can’t retire more than what the government declined.
The different kind of jobs also affected the retirement age. Certain jobs have an earlier retirement age because it’s doesn’t enabled or too dangerous if people over the appropriate age do those jobs. For example, the programmers should be retire at the age of 40 before their brain loses too many working cells that could make them cannot think as brilliant as before so they cannot make the great software anymore. The other example is for the athletes, they can’t compete well anymore over the age of 30 because their endurance is decreasing. In the other hand, there’s a job that caused an earlier retirement age because people thought they have earned much money that makes them don’t have to work anymore. This condition happens to many billionaires all around the world like Robert T. Kiyosaki and Bill Gates who retires at early retirement age.
In conclusion, the appropriate retirement age can’t be decline exactly because there are some factors that affected at what age people should retire like governmental rules and different kind of jobs.
References:
- Azizan, Hariati [Online Article] Retrieved : May, 19 2008 from the World Wide Web : http://www.thestar.com.my/news/story.asp?file=/2007/9/2/focus/18761279&sec=focus
- O'Conner, John [Online Article] Retrieved : May, 23 2008 from the World Wide Web : http://weblogs.java.net/blog/joconner/archive/2005/07/programmers_ret.html
- Gendell, Murray [Online Article] Retrieved : May, 23 2008 from the World Wide Web : http://cache.search.yahoo-ht2.akadns.net/search/cache?ei=UTF-8&p=retirement+age&y=Search&rd=r1&meta=vc%3Did&fr=yfp-t-309&fp_ip=ID&u=www.bls.gov/opub/mlr/2001/10/art2full.pdf&w=retirement+age&d=KdwCMJzfQzDe&icp=1&.intl=us
- Retirement [Online Article] Retrieved : May, 19 2008 from the World Wide Web : http://en.wikipedia.org/wiki/Retirement
- Retirement in Indonesia [Online Article] Retrieved : May, 23 2008 from the World Wide Web : http://www.expat.or.id/info/retirement.html
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The retirement age could be dependent on the nature of the job, right? If the job is of an athletic nature, it could range from 30 to 50 years old. Some boxers retire at the age of 30. Some basketball players like Michael Jordan retire at age 40.
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